Cryptocurrency Analysis and News Portal
Earlier today, news of a possible hack on one of South Korea’s biggest cryptocurrency exchange platforms Upbit made the rounds. Reports had it that the exchange’s customers were confused because they noticed quite a few irregularities with their accounts including the inability to transfer funds. In a recent publication, Upbit has
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Following the theft of 342,000 Ether (ETH) ($50 million) from major South Korean crypto exchange Upbit, some commentators have suggested that the hack was actually an inside job.As CryptoX contributor Joseph Young tweeted on Nov. 27:“The ‘hacker’ timed when UPbit was making crypto transfers to its cold wallet (other
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Bitcoin (BTC) fell below $7,000 once again on Nov. 27 as fresh selling pressure suddenly impacted already fragile markets.Cryptocurrency market daily overview. Source: Coin360Likely exchange hack rocks BTC priceData from Coin360 showed BTC/USD suddenly dive back into the $6,000 range on Wednesday, having previously held ground around $7,200. At press
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In fact, more than $100 million worth of multiple cryptocurrencies have been sent out from Upbit today. However, the exchange said all other transactions, apart from the abnormal ethereum outflow, were the exchange moving cryptos from hot wallets to cold wallets to prevent their theft. Source
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South Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins.Block the possibility of money launderingIn a Sept. 20 notice, UpBit announced that the exchange will delist and cease trading support for Monero (XMR), DASH, ZCash (ZEC), Haven (XHV), BitTube
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