Approx $50M In Ethereum stolen from Upbit Exchange

[Harrydose]

Upbit, the second “Enormous Four” South Korean crypto exchange reported a burglary on Nov. 27. 342,000 Ethereum (ETH) which is commensurate to around $50 million was theft from their hot wallet.

Upbit is one of the greatest cryptocurrency exchange in South Korea and was the main household stage to make a benefit in 2018. It was moved on October 24, 2017, with the help of their relationship with American computerized cash exchange Bittrex.

Read More: TheCoinRepublic

[Raflesia]

I already knew this news 2 days ago and with this Korean Upbit hacking it did not cause the price to go down so badly I thought it was safe just safe.
Unless Upbit users cannot withdraw or deposit their assets from Upbit because it is still in serious handling.

[Krislaw]

Funds are no longer safe with these exchanges and that's the reason why it's very unsafe to use them for storing our crypto assets. So many hacks have happened in this year alone especially on big exchanges.
It will be very difficult for the upbit hackers to trade the stolen coins

[Quidat]

Funds are no longer safe with these exchanges and that's the reason why it's very unsafe to use them for storing our crypto assets. So many hacks have happened in this year alone especially on big exchanges.
It will be very difficult for the upbit hackers to trade the stolen coins

Those coins would be traded for sure but not for now yet the issue is still hot but when it gets cool down then thats the right time for them to move those coins.
Its true that there are still lots of exchange hacks as of this year which isnt a new thing to talk about when it comes to possibilities knowing that these platforms do have
the most amount of money to steal on. For now we do even have some recent news about IDAX where CEO is nowhere to be found. Exchange problems continues.