Upbit Freezes $1.77M in Stolen Assets

The post Upbit Freezes $1.77M in Stolen Assets appeared first on Coinpedia Fintech News

South Korea’s largest crypto exchange, Upbit, has frozen $1.77 million in assets tied to a recent hack while investigating the incident. The breach led to a temporary platform lockdown, suspending deposits and withdrawals as wallet systems were upgraded. The suspicious activity was detected on Solana network wallets. Upbit’s parent company, Dunamu, confirmed that the total $26.2 million stolen was covered using corporate reserves, ensuring that all users remain unaffected and face no direct losses from the hack.