Derived from Crypto.News, South Korea's largest crypto exchange Upbit suspended all deposits and withdrawals on Nov. 27 after detecting abnormal transactions linked to its Solana hot wallet. The breach drained approximately 54 billion won ($36 million) in assets, involving at least 24 Solana-based tokens, including SOL, USDC, BONK, LAYER, and JUP. Upbit froze 12 billion won worth of LAYER tokens and pledged to cover all losses for affected users. The exchange has transferred assets to cold storage and is conducting a full audit of its infrastructure. The incident may delay Upbit's planned merger with Naver and its U.S. IPO.
Upbit Halts Deposits and Withdrawals After $36M Solana Wallet Breach
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