Upbit in Race to Freeze Funds After Major Solana Network Exploit

Reading time: < 1 minute

Upbit is in a digital chase to recover $37 million in crypto assets stolen by an unidentified hacker.

The breach, which exploited the Solana network, prompted an immediate freeze on all user transactions.

The exchange has announced a multi-pronged response: moving all other assets to cold wallets, collaborating with blockchain projects to blacklist and freeze the stolen tokens, and pledging full reimbursement for affected users from its corporate treasury.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.