How Upbit hackers laundered millions using crypto exchanges?
Contents
In 2019, hackers stole $283 million worth of cryptocurrencies in 11 hacks. Among these hacks, hackers also successfully targeted the Upbit exchange. In this article, we will investigate the Upbit hack and follow the stolen cryptocurrencies, using Coinpath® APIs.
Table of Contents
What is Coinpath®?
Coinpath® APIs provide blockchain money flow analysis for more than 24 blockchains. With Coinpath’s APIs, you can monitor blockchain transactions, investigate crypto crimes such as bitcoin money laundering, and create crypto forensics tools. Read this to get started with Coinpath®.
The Upbit Hack
On November 27, 2019, at 1:06 PM, Upbit, a Korean cryptocurrency exchange, observed a large transaction that went out from the exchange wallet. The next day, Upbit’s team notified that there was a security breach, and hackers stole 342K ETH (approx. $48.1 million) and transferred funds to this address.
In this article, we will investigate Upbit’s stolen money by following the transactions created by hackers in subsequent days …
Table of Contents
What is Coinpath®?
Coinpath® APIs provide blockchain money flow analysis for more than 24 blockchains. With Coinpath’s APIs, you can monitor blockchain transactions, investigate crypto crimes such as bitcoin money laundering, and create crypto forensics tools. Read this to get started with Coinpath®.
The Upbit Hack
On November 27, 2019, at 1:06 PM, Upbit, a Korean cryptocurrency exchange, observed a large transaction that went out from the exchange wallet. The next day, Upbit’s team notified that there was a security breach, and hackers stole 342K ETH (approx. $48.1 million) and transferred funds to this address.
In this article, we will investigate Upbit’s stolen money by following the transactions created by hackers in subsequent days …