Hackers steal $48.7M in Ethereum from South Korean cryptocurrency exchange Upbit

Upbit says it will fund the replacement of the stolen Ethereum so as to not leave any users out of pocket.

Interesting article about how a hacker stole $48 million from Upbit. Two things come to my mind right off the bat. One is how much money is Upbit making that they can cover this loss, it must be a lot? Two, how much longer until the decentralized exchanges gain popularity?

Read the full story here....
https://thenextweb.com/hardfork/2019/11/27/ethereum-upbit-cryptocurrency-exchange-hackers-stolen-million-hot-wallet/