Upbit to Cover $36 Million Solana Hack Loss: Full Reimbursement Promised

South Korea’s largest cryptocurrency exchange, Upbit, has confirmed a $36 million hack of the Solana blockchain network. The company has pledged full user reimbursement from its own funds, emphasizing continued trust in customer assets. On-chain asset freezing efforts by Upbit are ongoing, and collaboration with cybersecurity experts and law enforcement is also underway. This breach highlights vulnerabilities in centralized exchanges and underscores the market’s dependence on swift response times for damage control and rebuilding trust.