Upbit red-flags SSX tokens after $10.2m hacking incident
South Korean crypto exchange Upbit suspended deposits and withdrawals for SSX tokens after the project’s team alarmed about a $10.2 million heist. Upbit says in a Jan. 29 press release that it is suspending deposits and withdrawals of Somesing (SSX) token following a report that 730 million SSX tokens (over $10.2 million) were hacked and withdrawn to unknown wallets. Upbit, in its announcement, stated that it flagged SSX token s due to a change in the distribution volume of SSX token s compared to the previously submitted distribution plan. The exchange intends to collaborate with the Somesing Foundation to investigate the incident and verify details related to the fund movement. As of press time, the method employed by the hackers to withdraw millions of dollars’ worth of SSX token s remains unclear. You might also like: Crypto investors lost nearly $2b over 600+ incidents in 2023, data shows As crypto.news reported earlier, Somesing Foundation stressed that t...