Stolen Ethers From Upbit Are Being Transferred to Huobi
Main page News, Cryptocurrency Exchanges, Hacker Attack

Chiachih Wu, researcher at blockchain security firm PeckShield, has said on his Twitter account that some of the ether tokens that were yesterday stolen from crypto exchange Upbit have been transferred to Huobi.

He says there have been small transactions involving different ethereum addresses. He has added that the attackers are reportedly also sending part of the stolen funds to Binance accounts.

Yesterday iHodl reported that a group of unknown attackers had hacked the South Korean cryptocurrency exchange Upbit and stolen around 60 billion won (about $50M) in ethereum tokens.

On that same day, the Whale Alert service registered a 342,000 ether tokens transfer from Upbit to an unknown wallet in addition to a few more BTT and TRX transactions. However, these additional transactions were actually made by the exchange in order to transfer its funds from its hot wallets to its cold ones.

Upbit said it will pay all losses with its own funds and that the platform will be fully operational in two weeks.

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