Solana Hack: Upbit Covers $37M Loss

Upbit Suffers $37M Hack on Solana Network, Pledges Customer Reimbursement

• Upbit, a prominent South Korean crypto exchange, reported a $37 million security breach on the Solana network.
• The exchange has committed to covering all customer losses using its own funds, reflecting its dedication to customer security.
• The breach affected multiple tokens within the Solana ecosystem, including Access Protocol (ACS), BONK, and Raydium (RAY).
• Upbit is conducting a comprehensive security review and will resume services after completing the inspection.

Following a $37 million hack on the Solana network, Upbit has assured customers of full reimbursement from its reserves. The exchange is actively reviewing its security measures before restoring operations.