South Korean police begin probe into $32.2M Upbit hack

South Korean police have launched a preliminary investigation into a hack at the Upbit exchange that resulted in the loss of approximately 44.5 billion won ($32.2 million) in virtual assets. The National Police Agency's Cyber Terror Investigation Division announced on Nov. 27 that it is conducting the probe. Officers are currently carrying out an on-site investigation at the headquarters of Dunamu, Upbit's operator. The hack occurred in the early hours of the morning.