Korean crypto exchange Upbit confirms it has lost 342K of ether worth ~$49M, suspends deposits/withdrawals, says losses will be covered with its own assets (Wolfie Zhao/CoinDesk)

Wolfie Zhao / CoinDesk:
Korean crypto exchange Upbit confirms it has lost 342K of ether worth ~$49M, suspends deposits/withdrawals, says losses will be covered with its own assets  —  South Korean crypto exchange Upbit has lost cryptocurrency worth $49 million, the exchange has confirmed.