Upbit Solana Hack Triggers South Korean Regulatory Probe

A security breach affecting the Solana network has led to an investigation from South Korea’s Financial Services Commission (FSS). Upbit, a major cryptocurrency exchange in South Korea, confirmed that 24 digital assets were impacted by this incident. CEO Oh Kyoung-suk halted withdrawals and deposits to protect user funds as investigations into the breach continue, with FSS oversight scheduled until December 5th. The company plans to cover potential losses using its own assets.