The most biggest Crypto Exchange from South Korea was Hacked this Wednesday and The Criminals took 342,000 ETH.
The Vulnerability was discovered in the Hot wallet for the Exchange and the Management recommended to not send any Ethereum to the affected address. Deposits and withdrawals are suspended.
The Exchange Management Will cover the Lost Funds and the Traders must stay calm.
It's supposing that was an internal Hacking Job but the Investigation is ongoing and will be concluded and more info Released.
That's something that happens in the business world and the Exchanges must be prepared to deal with it and glad that the UPbit Team will cover the lost Funds from Customers... let's keep updated with the last crypto market.
Republished Article Original found at Uptrennd Platform from my Authorship.
