Crypto Exchange Upbit Confirms Theft of 342,000 Ether — $50M

Crypto Exchange Upbit Confirms Theft of 342,000 Ether — $50M

Crypto exchange Upbit announced that 342,000 ETH worth about $50 million were sent to an unknown wallet in a suspected hack. Major South Korean cryptocurrency exchange — run by a subsidiary of Korean tech giant Kakao — 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.Upbit will use corporate…

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