Hackers steal $48.7M in Ethereum from South Korean cryptocurrency exchange Upbit

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 walle