Security issues are still to be resolved. Already many companies lost their assets in unknown transactions. Companies try their best to protect all that but hackers are more clever to steal these assets. This time a South Korean Company Upbit is a victim that lost approx 342,000ETH in Unknown transactions.

Lee Seok-woo CEO of UpBit said about the issue 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.”

More said about the situation that"To prevent any losses of UPbit users, the company will cover for the 342,000 ETH missing from the suspicious transaction. We have moved all funds to cold wallets. It will take two weeks for deposits and withdrawals to be opened.”