Hackers from Upbit Started Moving Funds

in #cryptocurrency • 4 years ago (edited)

Korean exchange Upbit had a hack in 2019 where they lost 342,000 ETH. Worth to note that for very long time Bittrex was their custody wallet yet at some point they have decided to runn wallets on their own and seems made some mistakes.

UpBit Top10 Markets

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Today some of the ETHs were moving to.. Binance 2,100 ETH went out. Worth to note - after the hack they didnt touch funds at all. This is first time.

image.png

Then they moved few more to unknown wallets.
The hack wallet still has 5,900 ETH because they were4 splitting those funds to make them hard to track.
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Probably it took them a year to find secure idea and a system that allows withdrawal of the funds.

Despite huge hack Upbit remained operative and still runs on crazy volume of last 24h $130,416,256 USD / 14,540 BTC.


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4 years ago in #cryptocurrency by
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         4 years ago 

        I believe the funds might be locked if they eventually get it to an exchange.

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               4 years ago 

              yeah we should hope so

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                     4 years ago 

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