Upbit drops HEMI after exploit, lists CP and USELESS

South Korean crypto exchange Upbit listed Cluster Protocol and Useless Coin on Sept. 8 but canceled Hemi’s scheduled debut after identifying evidence of a token theft. Summary Upbit canceled HEMI trading after identifying token theft linked to a September 7 smart-contract exploit. The attacker drained approximately 124.5 million unclaimed HEMI and converted proceeds into stablecoins and Ether. CP began trading across Upbit’s KRW, BTC and USDT markets using deposits through Base exclusively. USELESS trading proceeded against BTC and USDT while Upbit abandoned HEMI before its scheduled opening. Hemi said its core tokens, network, tunnels and third-party bridges were unaffected by the exploit. Upbit initially announced that HEMI and USELESS trading would begin against Bitcoin and Tether at 9:30 p.m. Korea Standard Time. The exchange later updated its notice at 9:12 p.m., 18 minutes before the planned opening, to cancel HEMI support. The exchange said a security vulnerability had been exploited on the previous day and that HEMI tokens appeared to have been stolen. Upbit said it reviewed how the incident could affect trading before deciding not to open the markets. Upbit to List CP, HEM...