Citing TheMarketPeriodical, South Korea’s leading crypto exchange Upbit reported a $38 million exploit affecting Solana-based assets. The breach involved unauthorized withdrawals from a hot wallet, impacting tokens including SOL, TRUMP, BONK, and JUP. Upbit halted deposits and withdrawals and confirmed it would cover all user losses. The exchange is investigating the incident and has moved remaining assets to cold storage.
Upbit Loses $38M in Solana-Based Tokens Following Unauthorized Transfer
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