Derived from Coinomedia, South Korea’s leading crypto exchange Upbit suspended deposits and withdrawals on November 27 after detecting an unauthorized $38.5 million outflow on the Solana network. The funds were transferred to an unknown wallet, prompting an investigation. Upbit confirmed user funds are safe and pledged to cover all losses from the incident.
Upbit Halts Withdrawals After $38.5M Solana Outflow
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