The Ethereum hot wallet of South Korean cryptocurrency exchange Upbit was reportedly looted by hackers, who stole 342,000 ETH, totaling a $48.7 million worth of cryptocurrency.
Upbit's CEO Lee Seok-woo earlier wrote a statement on the website of the cryptocurrency exchange that confirmed the incident.
To ensure that no users lose money, Upbit claims it will pay for the replacement of the stolen Ethereum.
Additionally, it stated that all of the cryptocurrency held in its hot wallets have been moved to cold wallets, which are more safe.
Source: https://thenextweb.com/news/ethereum-upbit-cryptocurrency-exchange-hackers-stolen-million-hot-wallet
TPRM report: https://scoringcyber.rankiteo.com/company/upbit
"id": "upb55226423",
"linkid": "upbit",
"type": "Data Leak",
"date": "11/2019",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"{'affected_entities': [{'industry': 'Financial Services',
'location': 'South Korea',
'name': 'Upbit',
'type': 'Cryptocurrency Exchange'}],
'attack_vector': 'Hacking',
'description': 'The Ethereum hot wallet of South Korean cryptocurrency '
'exchange Upbit was reportedly looted by hackers, who stole '
'342,000 ETH, totaling a $48.7 million worth of '
'cryptocurrency.',
'impact': {'financial_loss': '$48.7 million',
'systems_affected': 'Ethereum Hot Wallet'},
'motivation': 'Financial Gain',
'response': {'communication_strategy': 'Public statement by CEO Lee Seok-woo',
'containment_measures': 'Moved all cryptocurrency to cold '
'wallets',
'recovery_measures': 'Upbit will replace the stolen Ethereum'},
'threat_actor': 'Unknown Hackers',
'title': 'Upbit Ethereum Hot Wallet Hack',
'type': 'Cryptocurrency Theft'}