Tag Archives: $50 Million

Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

Upbit, South Korea’s largest cryptocurrency exchange by market-share and trading, has been hacked. At the moment, all trading activities, deposits, and withdrawals are temporarily suspended. On Nov. 27, Lee Seok-woo, the CEO of Dunamoo, the company that operates Upbit, confirmed in an official statement that 342,000 ETH was transferred from Upbit’s hot (online) wallet to an unknown wallet. Continue reading Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack