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Upbit CEO Apologizes After Major 44.5B KRW Hack

Published by
Sohrab Khawas

Dunamu CEO Oh Kyung-seok has apologised after a security breach at crypto exchange Upbit led to the theft of around 44.5 billion KRW in digital assets. He promised users would be fully compensated and said the company is strengthening wallet security, reviewing its systems, and working with regulators to find the cause. The exchange has paused deposits and withdrawals while it secures funds and tries to restore confidence after its biggest hack in years.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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