Upbit was one of the biggest messaging application that also provided a C2C cryptocurrency exchange for the Korean's. Recently, there was an occurrence of failed transactions and invalid connection from virtually all it users and this was an indication that the platform has been hacked by some crypto hackers. However, because of failed transactions and other recorded responses from it customers it went on to a brief suspension of services but yet it is still down till date. Altsbit lost over $78 million Worth of cryptocurrency which include Bitcoin, XRP, ARR and ethereum as well.
In addition, after the hit there's no information regarding how users with funds could recover back their assets but some users were partly refunded owning to the fact that the platform is facing bankruptcy.