đš BREAKING NEWS: Upbit Suffers $36M Solana-Network Hack! đš
South Koreaâs largest crypto exchange, Upbit, has confirmed a major security breach â with 54 billion KRW (â $36â37M) drained from one of its Solana hot wallets early today.
đ What Happened?
Hackers siphoned off a wide range of Solana-based tokens including SOL, USDC, BONK, and multiple ecosystem assets â all pulled directly from Upbitâs compromised hot wallet.
đ Immediate Actions by Upbit:
All Solana-network deposits & withdrawals halted instantly
Remaining funds moved to cold storage for safety
On-chain investigation launched with full cooperation from security teams
Upbit confirmed it will fully compensate users, covering all losses from its own reserves
đą Why This Matters:
This incident comes during a sensitive corporate transition, as Upbit undergoes a major acquisition/merger process â making the timing even more critical.
â ïž Key Reminder:
Even top exchanges remain vulnerable. Hot-wallet exploits continue to be one of the biggest attack vectors in crypto.
If you store significant assets on centralized exchanges, stay alert and consider securing funds offline.
#breakingnews #Upbit #solana #Hack #CryptoSecurity $SOL $XRP $
