[Photo] S. Korean cryptocurrency exchange Upbit gets hacked
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Posted on : Nov.28,2019 18:02 KST
Hackers infiltrated South Korean cryptocurrency exchange Upbit and stole US$48.7 million in the cryptocurrency Ethereum (342,000 ETH) on Nov. 27. The hack was confirmed in a statement by Upbit CEO Lee Seok-woo posted on the exchange’s website. Upbit suspended all transactions upon discovering the hack, announcing it would take at least two weeks to normalize operations. Upbit has also announced that it will be covering losses through its own assets.
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