The trick big crypto exchanges are using to mitigate hacks, yet can still lock up your money

When Upbit detected unauthorized withdrawals of roughly $36 million in Solana tokens from a hot wallet on Nov. 27, CEO Oh Kyung-seok went on record within hours. He stated: “The entire amount will be covered by Upbit’s holdings, with no impact on customer assets.” Six years earlier, Upbit said the same thing after losing 342,000 The post The trick big crypto exchanges are using to mitigate hacks, yet can still lock up your money appeared first on CryptoSlate.