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South Korean crypto exchange Upbit reports $30 million theft — hack discovered hours after country’s largest search engine announced $10 billion acquisition of crypto platform's parent company

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Tom's Hardware

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South Korean crypto exchange Upbit has reported a $30 million theft after detecting an unauthorized transfer of assets to an external wallet, leading to the suspension of deposit and withdrawal transactions. The hack occurred just hours after Naver Corp. announced a $10 billion acquisition of Upbit's parent company, Dunamu, to expand into cryptocurrencies and fintech. Despite the hack, it is unlikely to impact the acquisition deal significantly, but it may cause market fluctuations. The incident has highlighted security weaknesses at Upbit, prompting a review to prevent future attacks.

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