🚨 Upbit Breach: $30M Vanishes in 54 Minutes 💸⚡
South Korea’s largest crypto exchange, Upbit, was hit by a lightning-fast hack on Nov 27, 2025, losing over 100 billion coins (~$30M) in less than an hour.
- ⏱️ Timeline: Attack lasted just 54 minutes (4:42–5:36 a.m. KST).
- 💰 Losses: ~104 billion coins drained, worth 44.5B won (~$30.2M).
- 🔐 Target: Mainly Solana-based assets in hot wallets.
- 🛑 Response: Withdrawals suspended immediately; emergency systems activated.
- 🤝 Reimbursement: Users compensated for $26.4M; Upbit absorbed $4M corporate loss.
- 🕵️ Regulatory Action: Korea’s FSS/FSA investigating; $1.57M frozen via tracking.
- 📈 Context: Breach coincided with Upbit’s merger announcement with Naver, intensifying scrutiny.
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