The South Korean cryptocurrency exchange Upbit confirmed the fact of hacking. Attackers stole 342 thousand ETH ($ 48.2 million) from a hot wallet.

At the moment the depositing/withdrawing of cryptocurrencies is blocked. All assets, according to the exchange, are transferred to cold wallets. Upbit will indemnify all clients’ losses in full.

The MyCrypto service also found large transfers of TRX tokens from Upbit.

Some observers are sure that an insider worked among the exchange employees since the attack was carried out at the moment when the exchange was moving funds.

The international community believes that North Korea is involved in attacks on the South Korean business.