In the wake of a major security breach, Upbit is taking steps to restore its deposit and withdrawal services. The exchange has outlined a phased approach, beginning with select network assets and popular Ethereum tokens. The publication provides the following information: the timeline for the restoration and the specific assets involved in the initial phase.
Upbit Confirms Security Audits
Upbit has confirmed that security audits have deemed certain assets, including Akash Network's AKT and major Ethereum tokens, safe for reactivation.
New Deposit Addresses Implementation
As part of the restoration process, the exchange will implement new deposit addresses for all assets to mitigate vulnerabilities that were exploited during the theft.
Enhancing Security and Restoring Confidence
This proactive measure aims to enhance the security of user funds and restore confidence in the platform.
On Black Friday, customers faced significant payment authentication issues with First National Bank's app, contrasting with Upbit's proactive measures to restore services after a security breach. For more details, see more.
