South Korean Exchange Upbit Loses $36 Million in Solana Hot Wallet Breach
Upbit, South Korea's largest cryptocurrency exchange, disclosed Thursday that unauthorized withdrawals drained approximately $36 million worth of assets from its Solana hot wallet. The breach affected multiple tokens including BONK, JTO, SONIC, PENGU, and USDC. Exchange CEO Oh Kyung-seok confirmed full reimbursement for affected customers.