Popular South Korean cryptocurrency exchange Upbit has reopened ETH deposits almost two months afterhacking their wallets at 342,000 ETH.
According to the official announcement of the exchange, the systemThe security of her ETH wallet has been updated. Now she will again support replenishment and withdrawal of ETH. In addition, a software update improved wallet protection for BTC, LTC, EOS, and XRP by adding distributed coin storage options and improving the transaction security infrastructure.
Traders need to create a new wallet address to which ETH stored on the exchange will be automatically deposited. In addition, Upbit asks users to delete their old addresses.
On November 26, Upbit representatives confirmed the loss of more than 342,000 ETH from their hot wallet. At that time, the lost assets were worth approximately $49 million.
Immediately following the hack, the exchange moved all remaining digital assets into cold storage as a precaution and suspended all trading functions.
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