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PANews
PANews|Nov 28, 2025 09:19
[Upbit Confirms Loss Exceeding 44.5 Billion KRW Due to Hot Wallet Theft, CEO Issues Apology Letter] Dunamu CEO Woo Jin-seok issued an apology letter stating that on the morning of November 27, an abnormal transfer occurred in their Solana-based hot wallet. Preliminary investigations confirmed that a network attack exploiting private key management vulnerabilities led to the theft of approximately 44.5 billion KRW in assets, including around 38.6 billion KRW in member assets. Of this, 2.3 billion KRW has been recovered and frozen. Upbit has pledged to fully compensate member losses using its own assets and has suspended all deposit and withdrawal services to overhaul its security system.
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