Upbit suffers a $36.8M attack in Solana tokens!

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In the early morning of yesterday ( 4:42 AM KST ) the Korean exchange Upbit confirmed an “anomalous” withdrawal of funds amounting to $36.8 million in assets from the Solana ecosystem. The affected tokens include SOL, JUP, PYTH, RENDER, BONK, USDC, and JTO, all drained to an unknown wallet.

What happened next:

  • Upbit paused all deposits/withdrawals instantly
  • Moved 100% of the remaining funds to cold storage
  • Managed to freeze $8.18M in LAYER tokens
  • Coordinates with projects and authorities to block the rest

The important thing: The platform has already guaranteed to compensate all losses with its own reserves, so users do not lose money.

The mystery: They still haven't revealed how the attackers got in or the technical details of the exploit.

Solana has dropped 2.28% since the incident, JUP falls 1.69%. The market is awaiting more details on the point of vulnerability.

SOL-2.2%
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