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The “Upbit” platform, one of South Korea’s largest digital currency trading platforms, suffered a major hacker attack worth approximately $37 million, causing it to temporarily suspend withdrawals and deposits.
The platform explained that the attack occurred on Thursday morning local time, when approximately 54 billion won was withdrawn from several digital currencies on the Solana network to an unknown external wallet.
According to Upbit’s statement, the abnormal withdrawal occurred at around 4:42 a.m. and targeted a wide range of digital currencies, including:
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The platform responded to the incident by moving all of its digital currency into more secure cold wallets to prevent further hacks and freezing $8.18 million worth of LAYER tokens.
It also confirmed that it is coordinating with relevant projects and official agencies to try to recover the remaining stolen digital currencies.
Upbit emphasized that it will compensate users for all losses through its reserve assets and emphasized that customers will not bear any financial losses as a result of this hack.
The platform has not disclosed further details about how the attack occurred or the entry points exploited by the attackers.
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