Upbit has disclosed a breach involving abnormal withdrawals from a hot wallet, resulting in estimated losses of around $30M. Solana-based assets were the primary target. Cold wallets remain intact, and part of the stolen funds has already been frozen. Investigations with regulators and agencies are underway.
Incidents like this highlight how difficult it is to secure high-speed digital asset infrastructures during major organizational changes.
Source: https://www.techrepublic.com/article/news-upbit-security-breach/
💬 What’s the next evolution in crypto-exchange wallet security?
👍 Follow for more cybersecurity coverage.
#InfoSec #CyberSecurity #Upbit #BlockchainSecurity #CryptoExchange #SolanaTokens #DigitalAssets #ThreatIntel #HotWalletSecurity