🔴 Upbit Confirms Hack and Loss of $36 Million in Crypto Assets
The major South Korean cryptocurrency exchange Upbit has officially reported unauthorized access to its hot wallet on the Solana network. The incident resulted in the withdrawal of digital assets totaling approximately $36 million. The exchange released a statement detailing what happened and the actions taken immediately after detecting unusual activity.
👀 What Happened
The incident was linked to Upbit’s hot wallet, which the exchange uses for real-time operations. According to the company, unknown individuals withdrew several assets, including BONK, Jito (JTO), USDC, and others. The movement of funds was recorded on the Solana blockchain.
The exchange promptly suspended deposits and withdrawals for the affected assets. An internal investigation began, during which specialists reviewed transaction logs and identified the full scope of the incident.
✅ Measures Taken
Upbit reported that:
- the hot wallet was switched into a secure mode;
- remaining funds were moved to cold wallets;
- user services are being gradually restored;
- the exchange is cooperating with law-enforcement agencies and external security experts.
The company also stated that customer assets are protected and that Upbit will take responsibility for covering the losses.
❗ Impact on Platform Operations
Operations involving several Solana-based cryptocurrencies were temporarily restricted. Upbit clarified that services are being restored gradually as technical checks are completed. Users are advised to monitor updates on official channels.
This incident is one of the largest in terms of loss amount for the platform in recent years and has drawn attention to the security of hot wallets.
#Solana #USDC #BONK $USDC $BONK $SOL
