It has been once again a very remarkable day in the cryptocurrency industry. South Korean exchange Upbit has seemingly misplaced a lot of funds due to a hacker. The news originally started out as a rumor, but was eventually confirmed by the company. Upbit Gets Hacked and Loses Ether In the announcement, Upbit mentions 342,000 Ether have been stolen from the company. All of these funds are transferred to an unknown wallet, and will be tracked on the Ethereum blockchain. To compensate for the losses, Upbit will use its own assets. How long this process will take exactly, has not
The post Upbit Loses Over $50m in Ether Following Platform Hack appeared first on The Merkle Hash.
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