South Korean cryptocurrency exchange Upbit has reported that hackers have ransacked its Ethereum “hot wallet,” stealing 342,000 ETH — a cryptocurrency stash worth $48.7 million. The attack was confirmed in a statement posted to the cryptocurrency exchange’s website by Upbit’s CEO Lee Seok-woo earlier today. “At 1:06 PM on November 27, 2019, 342,000 ETH (approximately 58 billion won) were transferred from the Upbeat Ethereum Hot Wallet to an unknown wallet,” the statement reads, before providing the apparent hacker‘s wallet address. At pixel time, the hacker‘s wallet still contains all of the stolen Ethereum. Upbit says it will fund the replacement of…
This story continues at The Next Web