Upbit’s Security Incident: Implications and Solutions
For more information go to https://metanews.com/how-a-scam-token-deceived-south-koreas-largest-crypto-exchange/
South Korea’s premier cryptocurrency exchange, Upbit, recently found itself in the midst of a significant security breach that had a far-reaching impact, affecting approximately 400,000 wallets and raising serious concerns about the ongoing security challenges within the cryptocurrency industry. In a recent statement, Upbit disclosed the details of this security incident, which revolved around a fraudulent token cleverly disguised as the legitimate Aptos (APT) token. This incident not only shook Upbit, known as South Korea’s leading cryptocurrency platform, but also underscored the ever-present vulnerabilities in the crypto world. #Upbit #cryptocurrency #security #fraud #Aptos #ClaimAPTGift
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This simply tops anything stupid in the last year
Makes you wonder which kind of people is working at big exchanges if mistakes like this are possible
Looks like anyone can have an exchange nowadays
It should be an inside job because real apt contract address is different from fake one All exchanges have automated system for settling deposits I am not buying this
Learn from their mistakes? No, the least they can do is buy back real coins from the open market to balance the fake coins in their stash now