Yeah, that's a lot of Eth to be hacked from an exchange.  It really makes me wonder what upbit's security is like if that can happen, and it also makes me wonder if the story is true.  There was some rumor around that it might have been an inside job, and that's happened with other exchanges in the past.

I get your point, but that's probably not a hacker's aim.  They would probably dump it all on the market and either convert it to bitcoin or fiat.  Also, the market cap of Eth is $16 billion, and this hack was *only* $16 million, so I don't think even if all that Eth got dumped all at once it would have a big effect on the price.  But it is true that this is a lot of money to be stolen in one shot.