$79M of altcoins transferred from Upbit exchange, reports of hack

posted 11 days ago
South Korean cryptocurrency users say they are in a “state of confusion” after reports of a possible USD 79 million hack on large crypto exchange platform Upbit. A series of large altcoin transfers were made out of Upbit accounts at just after (4:00 UTC ) on November 27th, including USD 50 million worth of ETH, and smaller amounts of XLM, BTT and TRX.

Minutes after the transactions were made, Upbit posted an announcement on its website stating that cryptocurrency transactions and trading has been suspended while the exchange performs “server checks."
Tags: blockchain, news