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30 million dollars disappear in hack of cryptocurrency exchange

Despite the severe hack on the Upbit exchange, the platform has promised to reimburse all affected users.

by Gustavo López November 27, 2025 Reading time: 2 minutes

Hooded in front of a monitor.

Hack of Upbit exchange: 32 million in cryptocurrencies stolen from a hot wallet. Source: Image generated by CriptoNoticias with Grok.

The exchange moved all potentially at-risk assets to secure cold wallets.

Upbit will gradually resume operations after strengthening its security.

The South Korean exchange Upbit faces one of the most serious security incidents in its history after confirming the theft of 44.500 billion won (KRW) —about 30.4 million dollars— from a hot wallet.

The company stated that the attack only affected its operational infrastructure and that users' funds will be fully reimbursed. Follow me to stay informed $BTC #CriptoRevolución