Upbit Incident: ~50M USD worth of ETH stolen

On 27 November, 2019, 342,000 ETH was moved from Upbit’s Hot Wallet to an unidentified, suspicious wallet. Upbit has acknowledged the transaction to be an abnormal and unauthorized one, classifying it as theft.

Harnessing the power of data intelligence in our Threat Reputation Database, coupled with our Transaction Tracking Visualization tool – CATV, Uppsala Security is able to aid Crypto Exchanges and interested parties in investigating, tracking and denying the bad actor’s efforts to encash the stolen funds through exchanges.

Follow our efforts to track this incident via https://upbit-incident.uppsalasecurity.com/ .

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