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Title: Upbit reports $36 million loss in solana hot wallet breach Post by: Oshosondy on November 27, 2025, 01:29:32 PM Upbitis the South Korea largest exchange, the exchange was hacked recently which led to the stolen of $36 million on solana blockchain across many tokens like meme coins such as Bonk (BONK), Moodeng (MOODENG), Official Trump (TRUMP), and decentralized finance tokens such as Sonic SVM (SONIC), Access Protocol (ACS), Jito (JTO), Solana (SOL), and Raydium (RAY), among other tokens such as Pudgy Penguin (PENGU). The list also includes Circle’s USD Coin (USDC).
The exchange noticed, halt withdrawal and move the remaining coins to a cold wallet. The CEO of Dunamu, Upbit’s parent, said the exchange will fully reimburse customers according to the news. https://decrypt.co/350196/south-koreas-upbit-36-million-loss-solana-hot-wallet-breach The halt of withdrawals is good to avoid further losses but some people will not see the time withdrawal was halted to be convenient. Title: Re: Upbit reports $36 million loss in solana hot wallet breach Post by: julerz12 on November 27, 2025, 01:50:48 PM A suspected hack, meaning, it could be something else... ::)
Bybit, CoinCheck, FTX, DMM, Wazir, KuCoin, BitMart, BitGrail, CoinBene, and, now, ladies and gents! Let's welcome the new addition to the list, Upbit! :D Seriously, though, how long does it take these centralized exchanges to learn how to be impenetrable to exploits or "hacks"? Millions of dollars in funding, and yet still cracked like a biscuit? Well, at least this one promised to refund the stolen funds to its users. Title: Re: Upbit reports $36 million loss in solana hot wallet breach Post by: albon on November 27, 2025, 05:55:39 PM A suspected hack, meaning, it could be something else... ::) This is why cold storage and self-custody are so important. As we know Upbit isn't a small platform; it's the largest crypto exchange in South Korea and needs no introduction. I think that in a few years, many other prominent names will be added to your list. Bybit, CoinCheck, FTX, DMM, Wazir, KuCoin, BitMart, BitGrail, CoinBene, and, now, ladies and gents! Let's welcome the new addition to the list, Upbit! :D Seriously, though, how long does it take these centralized exchanges to learn how to be impenetrable to exploits or "hacks"? Millions of dollars in funding, and yet still cracked like a biscuit? Well, at least this one promised to refund the stolen funds to its users. It's clear that despite all the security measures implemented by their experts, they have become like paper shields against hackers.. As losing $36 million in less than 24 hours is a huge amount for any platform. Let's wait and see how they compensate the affected customers. ----- I advise everyone to be cautious of scammers.. I just encountered one while following the Upbit hashtag on the X platform urging people to direct message him to help trace and recover their crypto. I hope everyone avoids these scammers and their recovery services and waits for official updates through Upbit's official channels. https://www.talkimg.com/images/2025/11/27/URPLYo.png Title: Re: Upbit reports $36 million loss in solana hot wallet breach Post by: Potato Chips on November 27, 2025, 10:44:11 PM No custodial service is truly safe.
In 2019, upbit was also hacked on November 27th. An interesting coincidence I gotta say. Though, the articles only did say it was detected today at 4AM so there's a possibility the hack started before 27th. I'm just glad they'd be able to reimburse their users, and hopefully in a timely and reasonable manner. Looks like they also reimbursed folks when they were hacked on 2019. Gotta say, I feel like I've seen a lot of local korean exchange getting exploited over the past years. 😅 Title: Re: Upbit reports $36 million loss in solana hot wallet breach Post by: BitMaxz on November 27, 2025, 11:04:33 PM No custodial service is truly safe. In 2019, upbit was also hacked on November 27th. An interesting coincidence I gotta say. Though, the articles only did say it was detected today at 4AM so there's a possibility the hack started before 27th. I'm just glad they'd be able to reimburse their users, and hopefully in a timely and reasonable manner. Looks like they also reimbursed folks when they were hacked on 2019. Gotta say, I feel like I've seen a lot of local korean exchange getting exploited over the past years. 😅 Well, any online platform or exchange or even most secured online wallets are always visible to all attacks. Our assets on the exchange are not always safe on any of these exchanges unless we move them to a cold storage wallet where there's no internet and they're far from online attacks. It looks like they are being hacked every cycle? Weird, but it looks like an inside job? |
