A large South Korean crypto asset exchange platform, Upbit, once again started offering an Ether wallet service after a large attack that the South Korean exchange had suffered which resulted in Ethereum worth 49 million USD being stolen. Despite the attack that took place only 2 months ago, Upbit made improvements for their security and added the Ether wallet service to their platform once again. The news was announced on Tweeter this Monday indicating that the service is yet again available.
On the other hand, the company has also said that in order to hold Ether, the user should open a new address for the platform for the new Ethereum wallet. The new accounts will automatically receive Ethers.
Last year at the end of November, on the Upbit platform there was a transfer of 342,000 Ethereum coins and these coins vanished from the platform. The rest of the digital assets were transferred to a cold storage in order to be more secure. Despite the fact that regular users have not experienced any loss, the Chief Executive Officer of the platform, Lee Seok-Woo, made an announcement that trading would be suspended on the platform for a short period of time. The stolen money was split between different account wallets by the cyber attacker.
A digital asset analyst stated that the hackers might use Huobi, a rival crypto asset exchange, in order to attempt laundering the stolen funds. According to Upbit, users should delete their old Upbit accounts, since their wallets can not be used anymore. The recovery might be a lengthy and expensive procedure. Despite losing millions, the company assured users that there will be a full refund.