Cryptocurrency
[loss] $28M+
"Upbit Reveals 5.9B-Won Corporate Loss in Latest Hack, Fully Reimburses Users"
Primary Source ↗Financial Loss
$28.4M
(28,430,000 USD)
Recovered
$1.8M
Blockchain(s)
Solana
Incident Details
The Korean cryptocurrency exchange Upbit suffered a loss of around $30 million in various Solana-based assets due to a hack. Some entities have suggested that Lazarus, a North Korean state-sponsored cybercrime group, was behind the hack.Upbit reimbursed users who had lost funds from company reserves. The exchange was able to freeze around $1.77 million of the stolen assets.This theft occurred exactly six years after Upbit suffered a theft of 342,000 ETH (priced at around $50 million at the time).
Total loss estimated at $28,430,000.
Technical Details
- Initial Attack Vector
- Nation-state attack (Lazarus/DPRK) — private key or social engineering compromise
- Vendor / Product
- Upbit
Timeline
- 2025-11-27 Breach occurred
- 2025-11-27 Publicly disclosed