Bithumb was able to obtain the addresses of lost hot wallets in a partnership with the Cryptographic Fund and Worldwide Cryptographic Exchange and together they are working to recover more of the stolen assets.

In the blog by the exchange, it is explained that this process not only is looking out for the investors but is also hoping to aid in building the cryptocurrency ecosystem in order to prevent other damages from happening in the future.

“The main reason for the reduction is the ongoing participation, support and cooperation of cryptocurrency exchanges and cryptocurrencies foundations across the world… At this moment we will continue our recovery process as well as a preventative measure until this incident is fully concluded.”

Bithumb has also reached out to victims of the hack, and have reassured them that full compensation for stolen funds will be. The initial step of this comes in the form of free commission fee coupons, and users will be able to register for compensation via a cryptocurrency airdrop in the following manner:

“The amount of holding cryptocurrencies will be calculated from 8:00 PM ~ 9:00 PM (UTC+9) each day starting from the date of applying the event until the end of the event. And then annual interest rate of 10% will be prorated to the combined number of days at the end of the event. Then the equivalent value of cryptocurrencies will be given away in a form of airdrop.”

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