The Daily: Upbit suffers $37 million hack, SpaceX moves over $100 million in bitcoin, Infinex plans token sale on Sonar, and more
Summary
The daily crypto news roundup highlights several major events. South Korean exchange Upbit halted withdrawals after hackers stole approximately $36.8 million in Solana-based tokens; the exchange pledged to fully compensate users and moved remaining funds to cold storage. Separately, SpaceX transferred 1,163 BTC, valued at about $105 million, to unmarked wallets, continuing asset consolidation. In fundraising news, Kain Warwick's Infinex plans to sell 5% of its INX supply via Sonar for $15 million ahead of a 2026 token generation event, positioning itself as a crypto superapp. Other news includes Ark Invest buying $16.5 million in Coinbase shares amid inflation predictions, and industry reaction to the UK's budget statement, which left crypto taxes unchanged but increased regulatory scrutiny.
(Source:The Block)