Quote from: desticy on November 27, 2019, 09:22:03 AM

At 13:06 on November 27, 2019, 342,000 ETH (approximately 58 billion won) were transferred from the Ethereum Hot Wallet to an unknown wallet.
UpBit says it will cover losses worth $51.3 million with corporate funds.

Unknown wallet address: 0xa09871AEadF4994Ca12f5c0b6056BBd1d343c029

https://upbit.com/service_center/notice?id=1085

UPD1: It is also rumored to have additionally stolen BTT worth more than $ 3.5 million and TRX worth more than $ 17 million. Perhaps this will be announced later. After the withdrawal of ETH to unknown wallets from the exchange, BTT with TRX moved to unknown wallets.

UPD2: Funds in the amount of 342,000 ETH were stolen from the Upbit wallet, funds began to be received again, in different amounts, it seems from the exchange team. A logical question arises. Why replenish an already compromised wallet? Hacked wallet balance already - 4.726 ETH

when i first read about the Hack i was truly surprised because my korean friend has a lot of funds with upBit. but then again i read the news and saw that they where going use corporate funds to help cover for loss and i was relieved that my friwend wasnt going to loose his funds. Cryptocurrency exchanges are constantly faced with cases of hacks and this says a lot about the security they kept assuring users. truly sad that upBit that i felt was a decent exchange is undergoing such crisis.

Oyimeelijah

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