[Bitcoin Now] Upbit Suffers 54 Billion KRW Virtual Asset Hack: "Full Compensation Promised"

Virtual assets worth 54 billion KRW (approximately 40 million USD) were stolen in a hacking incident at the virtual asset exchange Upbit.

On November 27, Dunamu, the operator of Upbit, announced that at around 4:42 a.m. that day, it detected that virtual assets worth about 54 billion KRW had been transferred from Upbit to an unknown external wallet.

The leaked virtual assets include 24 types based on the Solana network, such as Solana (SOL), DoubleZero (2Z), Access Protocol (ACS), Bonk (BONK), Orca (ORCA), Raydium (RAY), Render (RENDER), and Jupiter (JUP).

Subsequently, starting from 8:55 a.m., Dunamu suspended all virtual asset deposit and withdrawal services on Upbit and initiated emergency measures for related network and wallet systems. To prevent any further abnormal transfers, all assets were moved to cold wallets.

On-chain measures were also taken simultaneously. Dunamu tracked the movement of assets transferred to external wallets and, in cooperation with project teams, requested asset freezes wherever possible. Through this process, approximately 12 billion KRW worth of Solayer assets were successfully frozen. The company continues to track the remaining assets and is working with related projects and institutions to implement additional asset freezing measures.

In addition, security checks are being conducted not only on the Solana-based assets but also across the entire digital asset deposit and withdrawal system. Deposit and withdrawal services will be gradually resumed as soon as the checks are completed and safety is ensured.

Dunamu stated, "We immediately identified the scale of losses caused by the abnormal withdrawal," adding, "We will fully compensate for the losses using Upbit's own assets so that there is no damage to members' assets."