ChangeNOW cryptocurrency exchange recently hinted the transfer of funds in Ethereum (ETH) from the Upbit exchange hack that was perpetrated on
At 1:06 PM on November 27, 2019, 342,000 ETH (approximately 58 billion won) were transferred from the Upbit Ethereum Hot Wallet to this address.
These seven major hacks remind us: not your keys, not your crypto.
342,000 ether have been taken from the wallets of South Korean crypto exchange Upbit, the firm’s CEO says.
The Prosecutors’ Office of the southern district of Seoul has indicted three senior staff members, including founder Song Chi-Hyung, on charges of fraud. The executives are alleged to have made fraudulent transactions between September to December of last year, using a fake corporate account to make bogus orders worth $226.2 billion to inflate trading volume figures and attract more customers to the exchange. They are also accused of selling 11,550 bitcoins to customers to reap $133.8 million through rigged transactions.