Upbit now allowing ETH deposits/withdrawls after being hacked for $49M.
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Upbit now allowing ETH deposits/withdrawls after being hacked for $49M.

By EasilyRich.com | EasilyRich | 15 Jan 2020


Upbit now allowing ETH deposits/withdrawls after being hacked for $49M.

    In case you were not aware the cryptocurrency exchange Upbit was hacked for $49 million dollars worth of Ethereum. (In November 2019.) This was a devastating loss for the company.

    The good news is Ethereum trading has been restored! Upbit tweeted that users will have to make a new ETH address in order to use Ethereum on the exchange.

    While I personally wouldn't trust any exchange that has been hacked, it is good news that Upbit will continue to function and has restored the exchanges ETH trading.

    It also remains my opinion that you should not keep any cryptocurrency stored on an exchange long term. I would recommend storing your cryptocurrency on a hardware wallet such as KeepKey or Trezor.


EasilyRich.com
EasilyRich.com

Crypto, precious metals, stocks, investing enthusiast! Website: EasilyRich.com Twitter: @easily_rich


EasilyRich
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