The stolen funds from Upbit are on the move for the umpteenth time since the hacker stole from the exchange back in November 2019. In the latest reports from Whale Alert, a data aggregator that tracks large movements in cryptocurrencies reported a total of over 9,000 ETH transferred from the Upbit hackers’ wallet to exchanges,
Trading in Binance has been paused for unscheduled maintenance. To quell speculations of a hack, its CEO, Changpeng Zhao has assured the community that funds on the trading platform are safe. The error, according to the CEO, was because one of their partners had an issue with data transmission. Its matching engine is okay and
$26,782 or 21 ETH of the $51 million Ethereum (ETHs) stolen from Upbit back in late November 2019 is once again on the move. The illegal transfer was captured by Whale Alert. Funds were transferred from the hacker wallet to an unidentified ETH public address further increasing intrigues as to how exactly these unknown hackers,
As we celebrate a quite successful 2019 in the crypto industry and enter the new year with new hope, hacks and scams across the industry remain a problem we have to face in 2020. Centralized exchanges and custodial wallets were the most targeted institutions across 2019 with investors losing over $500 million in the process.
South Korea’s cryptocurrency market sentiment has drastically deteriorated following 2018’s crypto winter that saw Bitcoin’s price plummet by over 80%, dragging the rest of the market along with it. The grave loss of funds in a market wipeout has however not caused total annihilation of the market as investors moved their funds towards blockchain development.
The ETH stolen from Upbit exchange on November 27, 2019 is moving. The hacker is dividing the ETH into smaller tranches and sending it to different exchanges and wallets. So far, over 1000 ETH have moved to 3 exchanges, implying that the hacker is trying to liquidate the stolen ETH. Stolen ETH Moved to Yobit
On November 27, major crypto exchange Upbit got attacked, and as a result, the exchange ended up losing 342,000 ETH worth over $50 MM to the hackers. As per a recent update by Coinness, a portion of the hacked funds has been moved to cryptocurrency exchange Binance. Hacked Funds Moving Again On 28th November, the hacker
With news of Upbit exchange hack doing rounds, there is yet another twist to the whole Saga. Jeff Paik, CEO at Finector has thrown light on the fact that how this case can be one of the instances of crypto exchanges hacking themselves to avoid taxes. The Case of Bithumb Hack Jeff Paik reiterated the
On 27th November 2019, the news of Upbit exchange getting hacked shook the crypto world. In the hack, hackers ended up taking away 342,000 ETH (equivalent to $ 49,848,273). Now, the stolen ETH is being moved to other addresses. Stolen ETH Moving to 2 Addresses In an update shared by Coinness, the Upbit hacker has
Bitcoin [BTC] undergoes massive volatility in price as bulls and bears continue their tug of war around $7000. The Upbit hack spread through the media, causing a lot of stir in the crypto markets. What followed was a drop in Bitcoin prices. Whale Panda, crypto analyst, and investor tweets In all seriousness though, this hack
The crypto market, after having seen a spell of bearishness which had pushed Bitcoin [BTC] prices below $7,000, had just begun to recover when UpBit got hacked and triggered a massive sell-off in the market. Within a couple of hours BTC plunged lost over $300 and landed below the $7,000 mark again. However, the market