Upbit suffers $37 million hack on Solana assets, halts withdrawals
The Block
Upbit experienced a $36.8 million hack involving Solana network assets, prompting a halt on all deposits and withdrawals.Summary
South Korea's largest cryptocurrency exchange, Upbit, was hacked for approximately 54 billion Korean won ($36.8 million) early Thursday, local time, due to an abnormal withdrawal of cryptocurrencies on the Solana network. In response, Upbit halted all deposits and withdrawals to investigate and secure assets. The stolen tokens included SOL, USDC, and several others on the Solana ecosystem. Upbit has moved its remaining assets to a cold wallet, successfully frozen $8.18 million worth of LAYER tokens, and plans to work with authorities to freeze the rest. The exchange assured customers that they will be fully compensated using reserve assets, ensuring no personal losses, though details of the attack remain undisclosed.
(Source：The Block)