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Reading: Upbit Reveals 5.9B-Won Corporate Loss in Latest Hack, Fully Reimburses Users
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Mycryptopot > Exchange > Upbit Reveals 5.9B-Won Corporate Loss in Latest Hack, Fully Reimburses Users
Exchange

Upbit Reveals 5.9B-Won Corporate Loss in Latest Hack, Fully Reimburses Users

November 29, 2025 1 Min Read
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South Korea’s largest cryptocurrency trade, Upbit, mentioned it misplaced 5.9 billion gained ($4 million) in Thursday’s hack that netted the attackers a complete of 44.5 billion gained.

Oh Kyung-seok, CEO of guardian firm Dunamu, mentioned the trade absolutely reimbursed prospects for his or her 38.6 billion gained of losses from its personal reserves. One other 2.3 billion gained was frozen by way of blockchain monitoring efforts, he mentioned in a press release on the corporate’s web site.

The trade halted deposits and withdrawals instantly after detecting uncommon outflows Thursday, finally confirming a hack. Authorities at the moment are contemplating North Korea’s Lazarus group as potential perpetrators of the hack.

Learn extra: Korea’s Upbit Suspends Deposit And Withdrawal Service After $37M in Irregular Exercise in Solana Tokens

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Reading: Upbit Reveals 5.9B-Won Corporate Loss in Latest Hack, Fully Reimburses Users
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