South Korean cryptocurrency exchange Upbit has been hacked and the equivalent of about $52 million in cryptocurrency stolen. The hack, which involved the theft of 342,000 Ethereum, took place earlier today and involved those behind the hack transferring the ETH from a hot wallet to an unknown external wallet. Lee Seok-woo, the chief executive officer of the exchange, run by Danamu Inc., confirmed the hack in a notice to users.

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