Review on Upbit by Benedict Patrick
UPBIT is now not available to exchange.
Upbit is cryptocurrency that is managed by the south Korean exchange. It is one of the biggest functioning cryptocurrency for carrying out exchange before it was hacked and almost all it funds were lost to a hacking group. However, it is still on the watch of investigating if the stolen funds can be recovered as any point in time. Before it was bridged there was a disturbance in the network flow within the platform and many other inrelevent activity began to pop up unnecessarily on the platform. It lost virtually all it assets, worth 342,000 ethereum which is valued at a price worth of $51 million and has been confirmed to be a planned process by some of the company's workers often called an Insider Job. However, it was able to cover for all losses that it was hit with.
In the month of January,2020 it suspended services some as to organise and carry out a brief service and platform maintenance in other to reframe the four walls of the company. Ethereum is one of the highest and largely stored cryptocurrency on the Upbit platform today.
Updated 3 years ago
Rating has not been changed
The essence of this review is not far fetched but to update you guys on the effect of depositing funds into this platform as it might not be easy for you to have them back. It is a platform that no more use to be what the say it is because it zero control over the information of the users which was once entrusted to it by the crypto exchange community. This platform happens to be one of Koreans most patronized C2C cryptocurrency exchange at that time not until it lost the host of security.
Pros
- None.
Cons
- Inactive.
- Lost it main asset(Ethereum).
- No service and maintenance date provided.
- No active trader on this exchange.
