🚨 URGENT: Upbit Hack Rocks Market! $36M Stolen From Hot Wallet.
⏰ Nov 27, 2025: FUD Spreads in Asia.
South Korea's major exchange, Upbit, confirmed a security breach this morning, resulting in the theft of an estimated $36 Million USD from the platform's operational Hot Wallet.
🔥 Key Takeaways:
* Loss Covered: Upbit assured users all losses will be fully covered using their own reserves. User funds remain safe.
* Immediate Action: Deposits/Withdrawals are temporarily suspended as Upbit isolates the issue.
💡 Must-Do Security Check: Protect Your Assets on Binance
This event is a critical reminder for all traders:
* Cold Storage is Key: Do not leave large, long-term holdings on any exchange. Use hardware wallets.
* 2FA Always On: Ensure Two-Factor Authentication (2FA) is activated on your Binance account.
* Binance SAFU: Remember Binance's SAFU Fund is in place as an ultimate protection layer for users.
Prioritize security and stay informed.
