There has been an incident in South Korea—Upbit has suffered a Hacker attack, with losses nearing 44.5 billion KRW. Currently, all deposit and withdrawal services are halted, and the officials state that they are doing their utmost to trace the funds.

To be honest, this timing is really not ideal. The market is already fragile, and if not handled properly, it can easily remind people of the FTX incident in 2022. The chain reaction caused by that collapse still sends shivers down my spine when I think about it.

I hope we can successfully recover the money this time. The market really can't withstand any more issues from major platforms.