Based on Ourcryptotalk, Upbit confirmed a $37 million exploit on the Solana network on November 27, 2025, and will cover the full amount using company reserves. The incident is isolated to Solana operations, with no customer assets affected. Upbit suspended Solana deposit and withdrawal services and is conducting a full diagnostic. The exchange emphasized that member assets were never at risk and that enhanced safeguards are being implemented.
Upbit Confirms $37M Solana Hack, Covers Full Loss with No User Impact
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