Upbit red-flags SSX tokens after $10.2m hacking incident

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South Korean crypto trade Upbit suspended deposits and withdrawals for SSX tokens after the mission’s staff alarmed a few $10.2 million heist.

Upbit says in a Jan. 29 press release that it’s suspending deposits and withdrawals of Somesing (SSX) token following a report that 730 million SSX tokens (over $10.2 million) have been hacked and withdrawn to unknown wallets.

Upbit, in its announcement, said that it flagged SSX tokens because of a change within the distribution quantity of SSX tokens in comparison with the beforehand submitted distribution plan. The trade intends to collaborate with the Somesing Basis to research the incident and confirm particulars associated to the fund motion. As of press time, the strategy employed by the hackers to withdraw thousands and thousands of {dollars}’ value of SSX tokens stays unclear.

As crypto.information reported earlier, Somesing Basis careworn that the incident will not be related to any member of the muse and is believed to have been carried out by skilled hacker(s) who focus on hacking cryptocurrencies.

The platform staff concerned the police to research the incident. The Klaytn Basis (Somesing operates on the group’s blockchain) and Interpol associate Uppsala Safety are additionally serving to the karaoke platform discover the hacker. Regardless of the incident, SSX is up 7% and is buying and selling at $0.01488, as per CoinMarketCap.

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