Проблема взлома адресов UpBit

UpBit, the South Korean crypto exchange is showing certain suspicious activity. The activity has been linked, by some people, with a political hack. More than $50 million worth of Ethereum have been withdrawn from the crypto exchange platform to an account that still remains anonymous.

Since then, all transactions have been stopped. Following that, the crypto exchange platform has released an official statement to the public. It has stated that it plans to cover all of its corporate funds.

Taking The Immediate Action

All deposits and withdrawals to the South Korean crypto exchange have been stopped for some moment. Customers have also received official emails from the company informing them of the unfortunate incidence of server hack.

The Exact Stolen Amount

A reliable local report has shown that there are possibilities that the exchange could have experienced a hacking incident. A notable amount of KRW60 has apparently been withdrawn from the exchange’s system. This translates to an approximately $52 million. The amount has been withdrawn from the exchange’s main wallet to an account that has still remained anonymous.

The report has indicated that 93% of the total withdrawn amount was in Ethereum. The remaining 7% was in BTT – BitTorrent Token. Upbit has been around for the past two years, having been founded in 2017. Most of its users come from South Korea. The latest suspicious news of company hack has attracted media attention all over the globe.

An Immediate Report From Upbit

The firm has released an official statement just some few hours after the incident. The company has stated that a total of 342,000 were sent from the hot wallet of the exchange to another unknown wallet. The report has also clarified that the remaining transactions were reported to have been moved to the cold wallet of the exchange.

Word From The CEO

The company’s CEO Lee Seok-woo has stated that the exchange will cover all the lost assets. However, the Chief Executive Officer pointed out that it might take some time to effect that. This will be done to make sure that all the remaining assets on the exchange are not harmed. 345,000 worth of Ethereum crypto will now be covered.

Following the hacking report, all the cryptos that were in the exchange’s hot wallet have been moved to the cold wallet. It has been estimated that it will take not less than two weeks to reinstate the normal deposit and withdrawal services.

In addition to that, the exchange has advised all its clients to cease making attempts of depositing from the ETH address. It is the same address that noted the illegal activity, which has cost the company lost assets. The CEO will inform the users once everything is back to normal.