Just checked their new update. Now they require KYC for recovering the funds but have not stated how will they perform KYC. Also, they have stopped sending me any emails regarding these updates. Will not perform KYC as I don't trust them after they decided just to declare themselves insolvent but will keep following their updates. Have $400+ stuck there.
I posted about nearly a week ago. Yes the auditors made it clear they wanted KYC before releasing any funds whenever they might be able to recover them and be in a position to return some of them to users that lost their funds.
They also require KYC before they release any funds (if any) so that means my few bits and bobs on that exchange from a long time ago will never be returned to me as I will never send KYC to that outfit.
It seems they are asking for KYC stop reduce the number of claims being made because they know many genuine users would rather lose their share of recovered funds but not send their KYC. A tactic which would in the end increase the share received by those that have sent KYC.