Upbit Suspends Services After Unauthorized Transfer of $36.8M in Solana-Based Tokens
South Korea's largest cryptocurrency exchange Upbit halted withdrawal and deposit services Thursday following an unauthorized transfer of approximately 54 billion Korean won ($36.8 million) in Solana-based tokens. The incident occurred at 4:42 a.m. local time when assets moved to an unidentified external address. The platform has relocated remaining holdings to cold storage and pledged to compensate affected users from reserve assets.