Upbit hacked and 342,000 Ethereum (ETH) coins stolen
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Answer Upbit hacked and 342,000 Ethereum (ETH) coins stolen
The Korean platform Upbit revealed today that it has been exposed to a security breach that caused the loss of $50 million worth of Ethereum (ETH) coins. The platform said it would use its own funds to compensate users for these losses.
reported The platform announced in the official announcement that it lost 342,000 Ethereum (ETH) coins, which is currently worth about $50 million. It was transferred from the Upbit wallet to an unknown wallet and its address is:
0xa09871AEadF4994Ca12f5c0b6056BBd1d343c029
As a result of this hack, Upbit has moved most of its cryptocurrency to cold wallets, and the deposit and withdrawal process on the platform has been closed for two weeks.
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It is worth noting that before the details of the hack were officially released, the platform suspended the withdrawals and deposits on the platform, and concern spread in the crypto community after noticing large transfers coming out of the Upbit wallet.
The Upbit hack represents the eighth hack in the world of cryptocurrency exchanges this year, and the total losses of these hacks so far have reached about $1.44 billion, according to what he said. TheBlock Report.
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