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Detail Analysis

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Date:

Status:

Count:

Contributor:

November 27, 2019

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Verified

1

zerofriction.io

Loss Amount:

50,000,000

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Recovered Amount:

-

Currency:

Dollars, ETH

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Ethereum

Exchange

Assets

Poor Key Management

Extended Method:

Private key leak, hot wallet

Data Sources:

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S. Korean Crypto exchange Upbit announced that 342,000 ETH worth about $50 million were sent to an unknown wallet in a suspected hack. The exchange has pledged to protect user assets, stating that the 342,000 ETH (roughly $50 million by press time) will be covered by corporate assets. It has already moved all crypto assets held in its hot wallet to cold storage. Announcing the news on Wednesday, UPbit said 342,000 ETH (currently worth nearly $50 million) were transferred from its ethereum “hot” wallet to an unknown wallet

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.