Naver bought crypto exchange Upbit a day before $30m heist • The Register
South Korean web giant Naver has had an interesting week, after it acquired a cryptocurrency exchange that the next day revealed it had suffered a serious cyberattack.
The fun started on Wednesday when Naver – which fills online niches served by Google, Yahoo and WhatsApp in other countries – announcing its acquisition of Dunamu Corp, operator of a cryptocurrency exchange called Upbit.
Naver said acquiring Upbit would help to grow its financial services business, making the $10.27 billion stock swap deal a sound investment.
That argument became rather harder to sustain on Thursday, because at 05:27 local time Upbit advised it had suspended withdrawals and…
