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11/27 09:43

Solana-Based Crypto Assets Impacted in Upbit Hack

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Solana-Based Crypto Assets Impacted in Upbit Hack

Crypto exchange Upbit suffered an abnormal outflow on the Solana network, according to an official announcement on November 27. Exchange claimed its wallets were compromised, leading to a hack and transfer of 54 billion won ($38 million) in Solana-based assets to an external wallet.

As a result, the exchange has suspended deposits and withdrawals to conduct a comprehensive inspection, prioritizing the protection of crypto assets on other networks. The exchange will cover all user losses in the Upbit hack.

“We immediately identified the extent of the digital asset outflow caused by the abnormal withdrawals and will cover the entire amount with Upbit assets to ensure no damage to members’ assets.


The Upbit hack has only impacted the Solana network, with a massive transfer of SOL tokens. Other affected crypto assets include 2Z, ACS, BONK, DOOD, DRIFT, HUMA, IO, JTO, JUP, LAYER, ME, MEW, MOODENG, ORCA, PENGU, PYTH, RAY, RENDER, SONIC, SOON, TRUMP, USDC, and W.

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