The post $30 Million in Crypto Stolen appeared on BitcoinEthereumNews.com. Key Points: Upbit suffers $30 million hack, Lazarus Group suspected. Solana hot wallet among affected assets. Upbit promises user reimbursement, mitigating long-term damage. South Korean crypto exchange Upbit experienced a security breach, resulting in a theft worth approximately 44.5 billion won, allegedly orchestrated by the North Korean-linked Lazarus Group. The incident underscores looming security risks for exchanges and raises concerns about state-linked cyber threats, emphasizing the urgency for reinforced security measures amidst ongoing market vulnerabilities. $30 Million Theft: Upbit Shaken by Suspected Lazarus Group Hack Upbit’s management reported the breach as a result of administrator account access rather than a server attack. Over 20 token types were stolen, the most significant being Solana (SOL), USDC, and memecoins. Upbit’s CEO, Oh Kyung-seok, assured users that Upbit would cover all losses, aiming to prevent asset damage. Authorities are conducting inspections to investigate further, emphasizing the ongoing risk from state-sponsored groups like the Lazarus Group. Upbit will cover the entire amount… to ensure that no damage is incurred to your assets. – Oh Kyung-seok, CEO, Dunamu Upbit will cover the entire amount… to ensure that no damage is incurred to your assets. – Oh Kyung-seok, CEO, Dunamu Exchange Response: User Compensation and Security Measures Did you know? Lazarus Group, linked to North Korean state intelligence, has a history of targeting cryptocurrency exchanges; repeat offending against Upbit shows persistent vulnerabilities in exchange security protocols. Data from CoinMarketCap shows Solana (SOL) is currently priced at $139.15, with a market cap of $77.84 billion and a 24-hour trading volume of $3.33 billion. It has experienced a -3.20% price change over the past 24 hours and a -28.53% decline over 30 days. Solana(SOL), daily chart, screenshot on CoinMarketCap at 02:51 UTC on November 28, 2025. Source: CoinMarketCap The Coincu research team predicts increased regulatory scrutiny may be… The post $30 Million in Crypto Stolen appeared on BitcoinEthereumNews.com. Key Points: Upbit suffers $30 million hack, Lazarus Group suspected. Solana hot wallet among affected assets. Upbit promises user reimbursement, mitigating long-term damage. South Korean crypto exchange Upbit experienced a security breach, resulting in a theft worth approximately 44.5 billion won, allegedly orchestrated by the North Korean-linked Lazarus Group. The incident underscores looming security risks for exchanges and raises concerns about state-linked cyber threats, emphasizing the urgency for reinforced security measures amidst ongoing market vulnerabilities. $30 Million Theft: Upbit Shaken by Suspected Lazarus Group Hack Upbit’s management reported the breach as a result of administrator account access rather than a server attack. Over 20 token types were stolen, the most significant being Solana (SOL), USDC, and memecoins. Upbit’s CEO, Oh Kyung-seok, assured users that Upbit would cover all losses, aiming to prevent asset damage. Authorities are conducting inspections to investigate further, emphasizing the ongoing risk from state-sponsored groups like the Lazarus Group. Upbit will cover the entire amount… to ensure that no damage is incurred to your assets. – Oh Kyung-seok, CEO, Dunamu Upbit will cover the entire amount… to ensure that no damage is incurred to your assets. – Oh Kyung-seok, CEO, Dunamu Exchange Response: User Compensation and Security Measures Did you know? Lazarus Group, linked to North Korean state intelligence, has a history of targeting cryptocurrency exchanges; repeat offending against Upbit shows persistent vulnerabilities in exchange security protocols. Data from CoinMarketCap shows Solana (SOL) is currently priced at $139.15, with a market cap of $77.84 billion and a 24-hour trading volume of $3.33 billion. It has experienced a -3.20% price change over the past 24 hours and a -28.53% decline over 30 days. Solana(SOL), daily chart, screenshot on CoinMarketCap at 02:51 UTC on November 28, 2025. Source: CoinMarketCap The Coincu research team predicts increased regulatory scrutiny may be…

$30 Million in Crypto Stolen

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
Key Points:
  • Upbit suffers $30 million hack, Lazarus Group suspected.
  • Solana hot wallet among affected assets.
  • Upbit promises user reimbursement, mitigating long-term damage.

South Korean crypto exchange Upbit experienced a security breach, resulting in a theft worth approximately 44.5 billion won, allegedly orchestrated by the North Korean-linked Lazarus Group.

The incident underscores looming security risks for exchanges and raises concerns about state-linked cyber threats, emphasizing the urgency for reinforced security measures amidst ongoing market vulnerabilities.

$30 Million Theft: Upbit Shaken by Suspected Lazarus Group Hack

Upbit’s management reported the breach as a result of administrator account access rather than a server attack. Over 20 token types were stolen, the most significant being Solana (SOL), USDC, and memecoins. Upbit’s CEO, Oh Kyung-seok, assured users that Upbit would cover all losses, aiming to prevent asset damage. Authorities are conducting inspections to investigate further, emphasizing the ongoing risk from state-sponsored groups like the Lazarus Group.

Upbit will cover the entire amount… to ensure that no damage is incurred to your assets. – Oh Kyung-seok, CEO, Dunamu

Exchange Response: User Compensation and Security Measures

Did you know? Lazarus Group, linked to North Korean state intelligence, has a history of targeting cryptocurrency exchanges; repeat offending against Upbit shows persistent vulnerabilities in exchange security protocols.

Data from CoinMarketCap shows Solana (SOL) is currently priced at $139.15, with a market cap of $77.84 billion and a 24-hour trading volume of $3.33 billion. It has experienced a -3.20% price change over the past 24 hours and a -28.53% decline over 30 days.

Solana(SOL), daily chart, screenshot on CoinMarketCap at 02:51 UTC on November 28, 2025. Source: CoinMarketCap

The Coincu research team predicts increased regulatory scrutiny may be forthcoming as exchanges become more targeted. Enhanced internal security measures, particularly in administrator account protections, are necessary to combat future threats.

Source: https://coincu.com/news/upbit-exchange-hack-30m/

Market Opportunity
Holo Token Logo
Holo Token Price(HOT)
$0.0004483
$0.0004483$0.0004483
+0.29%
USD
Holo Token (HOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Shibarium Upgrade Nears Completion as SHIB Eyes Price Rally

Shibarium Upgrade Nears Completion as SHIB Eyes Price Rally

TLDR Shibarium explorer sync reaches about 45% after full chain reindex Actual data shows over 14M blocks and 1.56B transactions processed Layer 3 testing begins
Share
Coincentral2026/03/24 01:57
Rises as Trump signals Iran de-escalation, US Dollar sinks

Rises as Trump signals Iran de-escalation, US Dollar sinks

The post Rises as Trump signals Iran de-escalation, US Dollar sinks appeared on BitcoinEthereumNews.com. GBP/USD rises as Trump signals Iran de-escalation, US Dollar
Share
BitcoinEthereumNews2026/03/24 02:12
IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!

IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!

The post IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge! appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 18:00 Discover why BlockDAG’s upcoming Awakening Testnet launch makes it the best crypto to buy today as Story (IP) price jumps to $11.75 and Hyperliquid hits new highs. Recent crypto market numbers show strength but also some limits. The Story (IP) price jump has been sharp, fueled by big buybacks and speculation, yet critics point out that revenue still lags far behind its valuation. The Hyperliquid (HYPE) price looks solid around the mid-$50s after a new all-time high, but questions remain about sustainability once the hype around USDH proposals cools down. So the obvious question is: why chase coins that are either stretched thin or at risk of retracing when you could back a network that’s already proving itself on the ground? That’s where BlockDAG comes in. While other chains are stuck dealing with validator congestion or outages, BlockDAG’s upcoming Awakening Testnet will be stress-testing its EVM-compatible smart chain with real miners before listing. For anyone looking for the best crypto coin to buy, the choice between waiting on fixes or joining live progress feels like an easy one. BlockDAG: Smart Chain Running Before Launch Ethereum continues to wrestle with gas congestion, and Solana is still known for network freezes, yet BlockDAG is already showing a different picture. Its upcoming Awakening Testnet, set to launch on September 25, isn’t just a demo; it’s a live rollout where the chain’s base protocols are being stress-tested with miners connected globally. EVM compatibility is active, account abstraction is built in, and tools like updated vesting contracts and Stratum integration are already functional. Instead of waiting for fixes like other networks, BlockDAG is proving its infrastructure in real time. What makes this even more important is that the technology is operational before the coin even hits exchanges. That…
Share
BitcoinEthereumNews2025/09/18 00:32