🔴 Korea's largest Crypto exchange Upbit allows users to deposit fake Aptos (APT).
Upbit had to block deposits and withdrawals of Aptos (APT) coin because it mistakenly recognized fake APT as real money, and required users to return the money.
According to Wu Blockchain, Korea's largest cryptocurrency exchange, Upbit, had to announce on September 24 to stop depositing and withdrawing Aptos (APT) because of the negligence of the floor management team.
Specifically, it seems that Upbit made an error in the token authentication process, leading to the recognition of a coin impersonating APT as real money and allowing users to deposit it on the exchange. The exchange's system still records fake coins as real assets and allows trading for other assets.
There were 95 million USD of fake Aptos deposited into more than 380,000 addresses on Upbit. Upbit is calling on users who deposited fake coins to return their money. Otherwise, the exchange will take legal action.
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