The post Upbit Confirms Solana Hot Wallet Breach, Halts Transfers for Security Audit appeared on BitcoinEthereumNews.com.

The Upbit Solana breach involved the unauthorized transfer of 54 billion KRW (about $36.8 million) from a hot wallet on November 27, 2025. Upbit halted all transfers, moved assets to cold storage, and launched a security audit to protect users, promising full reimbursement. Upbit Solana breach: 54 billion KRW stolen from hot wallet, prompting immediate transfer halt. Assets relocated to secure cold storage amid collaboration with security experts. Regulatory scrutiny intensifies as Upbit commits to user reimbursements, with no impact on cold wallet reserves (source: Upbit official statement). Discover the Upbit Solana breach details: 54B KRW lost in hot wallet hack. Learn response measures, regulatory impact, and user protections in this crypto security update. Stay informed on exchange safety. (152 characters) What is the Upbit Solana Breach? The Upbit Solana breach refers to a security incident on November 27, 2025, where approximately 54 billion KRW (equivalent to $36.8 million) in Solana-based assets were illicitly transferred from Upbit’s hot wallet to unknown addresses. South Korea’s leading cryptocurrency exchange detected the anomaly through internal monitoring systems and swiftly suspended all deposits and withdrawals to prevent further losses. Upbit has assured users that the breach did not affect its cold storage reserves, and the platform is conducting a thorough audit while reimbursing impacted funds from its own reserves. How Did the Upbit Solana Breach Occur and What Measures Were Taken? The breach targeted Upbit’s Solana hot wallet, which holds assets for quick trading access, making it a common vulnerability point in the industry. According to Upbit’s announcement, suspicious outflows triggered automated alerts, allowing early detection before more significant damage occurred. The exchange immediately isolated the affected wallet, transferred remaining Solana assets to offline cold storage for enhanced security, and partnered with blockchain forensics firms to trace and freeze stolen funds on the Solana…

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Filed under: News - @ November 27, 2025 11:24 pm