Upbit Confirms Theft Of 342,000 Ether-50M
Major South Korean cryptocurrency exchange Upbitn has notified users of the theft of 342,000 Ether (ETH) from its hot wallet.
The incident was confirmed in an official statement written by Lee Seok-woo, the CEO of Upbit’s operator, Dunamu, on Nov. 27.
In his statement, Lee Seok-woo revealed that:
“At 1:06 PM on November 27, 2019, 342,000 ETH (approximately 58 billion won) were transferred from the Upbeat Ethereum Hot Wallet to an unknown wallet. Unknown wallet address is 0xa09871AEadF4994Ca12f5c0b6056BBd1d343c029.”