Those who still believe in crypto currency should read this
South Korean cryptocurrency exchange Upbit has released an announcement to advise its customers that it has placed an “unscheduled suspension” on all deposit and withdrawals, due to the loss of 342,000 Ether (ETH) which equates to $52,479,900 (USD) at the time of writing. In the statement, Lee Seok-woo, CEO of Dunamu (the exchange’s operator) claimed that the ETH were moved from the exchanges hot wallet to an unrecognised wallet “0xa09871AEadF4 994Ca12f5c0b6056BBd1d343c029” (Link bellow), He has also claimed that their clients funds were not contained within the breached wallet. To avoid anymore unauthorised transactions from occurring, Upbit has moved all of its cryptocurrencies into offline cold wallets so the funds are no longer accessible to a malicious actor, If they where to breach or have breached the security of the exchange. Upbit have stopped all deposit and withdrawals, and will not recommence transactions for 2 weeks while an investigation is performed. Currently ther