After seeing Upbit being hacked today, the first thing that came to my mind was several possible news trading opportunities, such as shorting the stolen altcoins, but the only development I didn't anticipate was this:

After the Koreans discovered that Upbit could not withdraw funds and that arbitrage had become single-player, they began to buy up the altcoins in the exchange, causing some coins to double in price compared to those in other exchanges.

For example:

$ORCA at the Korean exchange 2.2, on Binance 1.44

$2Z at the Korean exchange 0.22, on Binance 0.12

Who says Koreans don't trade coins and only trade stocks? All they need is an opportunity, and then they will get hyped by themselves 😂😂😂#币安HODLer空投AT #加密市场反弹