In the cryptocurrency world, several exchanges have lost money for a wide variety of reasons. Upbit lost 342,000 Ether in 2019, yet it seems some of the funds may be cashed out fairly soon. It is not uncommon for crypto exchanges to be hacked or drained. Upbit Funds Moves to Binance Although one would expect things to be different after 10 years, that is far from the case. Upbit lost a lot of funds in November of 2019. When everything was said and done, the losses totaled up to nearly $49million. Most of the funds have been tracked and should
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