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Upbit Suffers $36.9 Million Loss in Hacking Attack

Upbit Suffers $36.9 Million Loss in Hacking Attack

First seen 27 Nov 2025, 12:36 UTC • •

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ThreatCluster AI
ThreatCluster •March 12, 2026 at 13:27 UTC

Upbit, South Korea's largest cryptocurrency exchange, experienced a significant hacking incident on November 27, 2025, resulting in the loss of assets valued at approximately 54 billion won (US$36.9 million). The attack involved the unauthorized transfer of Solana-affiliated assets to an unknown wallet address, as confirmed by Dunamu Inc.'s CEO, Oh Kyung-seok. The company has stated its intention to cover the losses to protect customer assets.

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