The Great Solana Swipe-off: Upbit Loses $37 Million!

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Breaking news from the tried-and-true wild west of cryptocurrency: Upbit, South Korea’s largest crypto exchange (because nothing says “digital frontier” like billions in stolen digital assets!), has just announced they got hacked again on their Solana network wallet. Annnd…they lost a cool $37 million. 🌵💸

This smashing is Upbit’s sequel to the incredibly good 2019 Ethereum heist of $50 million (cue dramatic music). The latest victim list reads like the Fort Knox of virtual treasures: Solana (SOL), USDC (because why not a charming stablecoin), Render (RENDER), Pyth Network (PYTH), Raydium (RAY), Jupiter (JUP), Jito (JTO), Orca (ORCA), plus some delightful meme coins like Bonk (BONK), Cat in a Dogs World (MEW), and Moo Deng (MOODENG). 🐈🎉

Here’s how it went down: at 4:42 a.m. KST (which is early for most folks, but perfect for hackers), some not-so-friendly neighborhood opportunists flagged abnormal withdrawals from Upbit’s hot wallet. It was, apparently, a coordinated blitz. Tokens were drained faster than my coffee this morning!

The loot was then siphoned off into a series of unknown external wallets, rolling across chains in a ginormous, intricate digital game of Operation. Tracing it now is about as fun as putting lipstick on a reality TV star-yeah, right.

Upbit’s Rocket-Fueled Response

Upbit, keeping it cool (for a second), immediately isolated the affected wallet and halted all deposits and withdrawals on the Solana network. Because apparently, a crash into reality is necessary. You know, when your broker is operated under Dunamu and manages over $11 billion in customer assets. Yikes, making this more than just a “not-so-sad” crypto story in Asia’s bustling market! 💼🚨

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2025-11-27 08:48