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CoinGape

South Korea’s Upbit Refunds 8.5 Billion Won After Crypto Hack

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Summary
Nutrition label

68% Informative

Upbit, South Korea’s largest cryptocurrency exchange, disbursed approximately 8.5 billion won ( $6.07 million ) to 380 voice phishing victims.

Upbit relies on its real-time Fraud Detection System (FDS) to detect and block suspicious transactions.

The exchange successfully returned these funds to affected users.

The refund comes as Upbit grapples with the legacy of the 2019 Lazarus Group hack, one of the largest thefts in crypto history.

VR Score

53

Informative language

43

Neutral language

38

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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