Upbit Hit by $37 Million Hack as SpaceX Transfers Over $100 Million in Bitcoin
South Korea’s Upbit exchange faced a multimillion-dollar cyberattack, while SpaceX executed a large Bitcoin transfer; Infinex also confirmed plans for a token sale on Sonar.
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Terms & Concepts
Bitcoin: A decentralized digital currency that operates without a central bank and uses blockchain technology for transactions.
Token Sale: A fundraising event where a blockchain project sells its tokens to investors, often to finance development.
Blockchain: A distributed digital ledger technology that records transactions across multiple computers in a secure and immutable way.