$629M Wiped Out! What’s Behind Bitcoin’s Steep $850 Drop over the Night

Feb 20, 2020

Bitcoin took a sharp nose dive, plunging $850 shortly in an hour starting around 21:45 UTC, from a high of $10,200 to a low of $9,350. As of press time, the price of bitcoin has bounced a bit back around $9,540. The plunge of the largest cryptocurrency immediately kicked off a knock-on effe...

Bitcoin Price Made Unexpected Move Above $7,500 Despite Upbit Hack, Downtrend Over?

Nov 28, 2019

Following the Upbit hack, bitcoin price made an unexpected sharp move in the opposite direction, jumping by $500 after an initial $200 drop, which lead to some voices that the crypto downtrend has come to an end. On November 27, 342,000 ETH (approximately $50 mln) were hacked from Upbit, ...

Korea’s Largest Crypto Exchange Approved by Gov’t For Having Top Security

Nov 27, 2018

Upbit, South Korea’s largest crypto exchange by volume according to CoinMarketCap, has been approved by the Korea Internet and Security Agency (KISA) for having a strong infrastructure in place. On November 26, Upbit received an information security management system (ISMS) ...

More Hackers Attack Korea’s Crypto Exchanges, How Gov’t is Stopping it

Sep 11, 2018

According to Jon Clay, prominent security expert and the director of global threat communications at Trend Micro, a rapidly growing number of hackers are targeting major crypto exchanges in South Korea. Throughout the past nine months, the cryptocurrency exchange market of South Korea h...

South Korea’s Premature Raid of its Biggest Cryptocurrency Exchange Distraughts Investors

May 21, 2018

Earlier this month, the local police, Korea Financial Intelligence Unit (KIU), and Financial Services Commission (FSC) raided and investigated UPbit, the country’s biggest cryptocurrency exchange. Premature Investigation The government of South Korea accused UPbit of conduc...