Upbit’s Worst Timing Ever: Massive SOL Breach Crashes Its Big Day With Naver

South Korean cryptocurrency exchange Upbit experienced unauthorized withdrawals totaling approximately 54 billion KRW ($36 million) in Solana-based assets, including SOL, USDC, BONK, and others, on Thursday. In response, Upbit immediately suspended all deposits and withdrawals for the Solana network and initiated emergency security inspections. This security incident occurred on the same day that Upbit's operator, Dunamu, announced a major five-year, 10 trillion won investment plan with Naver to advance AI and Web3 technology globally. Upbit assured customers that it would fully cover the losses using its own assets. The article also recalls a previous, much larger hack in November 2019 where 342,000 ETH was stolen, which was later attributed to North Korean hacking groups Lazarus and Andariel.

(Source：BeInCrypto)