Upbit Halts Transfers After Major Solana Wallet Breach

South Korea’s leading cryptocurrency exchange, Upbit, has experienced a significant security breach impacting its Solana network. An estimated 54 billion KRW (about $36.8 million USD) was illegally transferred to unknown wallets. The incident prompted the company to halt all transfers and initiate a comprehensive system audit. Upbit is moving assets to cold storage and collaborating with cybersecurity specialists, while regulatory bodies conduct on-site inspections.