similar to this thread : https://bitcointalksearch.org/topic/upbit-exchange-was-hacked-342000-eth-lost-5204950
transaction: https://etherscan.io/address/0xa09871AEadF4994Ca12f5c0b6056BBd1d343c029
I don't understand how their hot wallet could be hacked easily if it wasn't for insider involvement? I am reminded of the Zaif exchange case which finally only ended in the investigation.
However, Upbit has claimed to cover losses for this case.
Topic: Upbit exchange hacked! - page 2. (Read 235 times)
I wonder why this happens.
Like, you know everything is traceable, you hack and steal people's money then wanting people to not know your transaction activity so you can be free with the money you've stolen.
Isn't that stupid? or actually, this is just a drama and centralized exchanges just want to fool us.
Like, you know everything is traceable, you hack and steal people's money then wanting people to not know your transaction activity so you can be free with the money you've stolen.
Isn't that stupid? or actually, this is just a drama and centralized exchanges just want to fool us.
This days trading seems to very risky and dangerous. If you put money on exchanges there's a greater risk that the exchange might get hack if this continues to happen then its possible that in the near future no one would like to trade crpyto currency with the high risk involve this hacks could the downfall of crypto if no one finds a solution about it.
and seems like affected the BTC price, it drops to 400$ after the bad news.
hope the market recovers soon
hope the market recovers soon
The hack journey continues even to this day which is ridiculous, $50 million in ETH is moved to an unknown wallet it seems and the exchange is shut for maintenance and the full extend of the hack will be known after they take care of everything and assess the situation, until then we can just speculate on how this happened, one more reason why you should not trust any exchange to hold your coins.
That's why I don't put all my coins on an exchange. I only transfer my coins on it if I am ready to sell or trade it. Once again, you don't own the private key, then its not your coin.
Hacked is different from theft. No wonder.
I mean, being hacked is no connection inside the exchange site. But theft is an inside job.
Hacked is different from theft. No wonder.
I mean, being hacked is no connection inside the exchange site. But theft is an inside job.
An article concerning this: https://www.coindesk.com/crypto-exchange-upbit-confirms-theft-of-49m-in-ether
Well, should we even be surprised nowadays? Exchange hacks have been too common for us to be even shocked. Once again, refrain from leaving funds on exchanges unless completely necessary.
Well, should we even be surprised nowadays? Exchange hacks have been too common for us to be even shocked. Once again, refrain from leaving funds on exchanges unless completely necessary.
Just saw the news.
https://whale-alert.io/transaction/ethereum/ca4e0aa223e3190ab477efb25617eff3a42af7bdb29cdb7dc9e7935ea88626b4
$51 million has been hacked and this is very bad news for this market. I think upbit will have to stop working for a long time and investors at this exchange will be very worried so please withdraw all assets here to avoid big risks. Today, the market continues to turn red and this news will cause ETH to decline even more in the near future.https://whale-alert.io/transaction/ethereum/ca4e0aa223e3190ab477efb25617eff3a42af7bdb29cdb7dc9e7935ea88626b4
After China, Korea is also making the crypto market worse and if the two countries continue to have bad news, crypto will soon collapse in very long time.
Jump to: