Crypto Crisis: UPBIT Hacked for $369 Million in Solana-Based Tokens

UPBIT, South Korea's largest cryptocurrency exchange, experienced a significant cyberattack resulting in the theft of digital assets worth approximately USD 369 million. The attack involved the transfer of multiple Solana-based tokens to an unknown wallet, prompting UPBIT to suspend all cryptocurrency withdrawals. The exchange is collaborating with law enforcement to recover the stolen funds, with some assets already frozen. UPBIT has committed to covering all losses to protect its users.

The breach is suspected to have exploited a security vulnerability in a hot wallet, and the exchange is taking measures to secure remaining assets.