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Tracing the Trail of the Upbit Hack

2020-05-27, Cylynx
https://www.cylynx.io/blog/tracing-the-trail-of-the-upbit-hack/
#Upbit #Cryptocurrency

Contents

Tracing the Trail of the Upbit Hack
Blockchain forensics of the Upbit hack. We traced how the Upbit hackers concealed the origin of funds and cash out stolen ETH through exchanges.
Cylynx
May 27, 2020 · 4 min read
Blockchain forensics of the Upbit hack. We traced how the Upbit hackers concealed the origin of funds and cash out stolen ETH through exchanges.
Cylynx
May 27, 2020 · 4 min read
On 27 November 2019, hackers made off with 342,000 Ethers (ETH), close to $45 million at that point of time, stolen from Upbit, a South-Korean based cryptocurrency exchange in a single transaction. This was subsequently confirmed by the CEO of Upbit in a press release later in the afternoon.
I am Seok-Woo Lee, CEO of Dumu who runs Upbit.
First of all, we apologize for any inconvenience caused by the members who use Upbit.
On November 27, 2019, at 1:06 PM, up to Ethereum Hot Wallet, 342,000 ETH (approximately …

IoC

1543383478ee006599a41b19a991b46ebfc37ed4
a09871AEadF4994Ca12f5c0b6056BBd1d343c029
ca4e0aa223e3190ab477efb25617eff3a42af7bdb29cdb7dc9e7935ea88626b4