Upbit discloses $37M hack on Solana network, pledges to cover customer losses
Crypto Briefing
South Korean exchange Upbit suffered a $37 million hack on the Solana network and promised to cover all customer losses.Summary
Upbit, a major South Korean cryptocurrency exchange, announced a security breach resulting in a $37 million loss on the Solana network. In response, Upbit has committed to reimbursing all affected customers using its own reserve funds. The exchange halted all digital asset deposits and withdrawals immediately after detecting abnormal withdrawal activity. The compromised tokens included assets from various Solana ecosystem projects and meme coins such as BONK, JUP, RNDR, and USDC. Upbit is currently conducting a security review and will resume services once the inspection is finalized.
(Source：Crypto Briefing)