The post Upbit Recovers $36 Million Solana Assets Post-Security Breach appeared on BitcoinEthereumNews.com. Key Points: Upbit uncovered $36M theft from Solana network, pledges user protection. Investors witness abrupt price increases in Solana tokens. Efforts lead to partial asset freezing and in-depth security audit. On November 27, 2025, South Korean cryptocurrency exchange Upbit detected an unauthorized transfer of approximately 54 billion Korean won ($36 million) in Solana assets to an unknown external wallet. The incident highlights security vulnerabilities within the Solana network, triggering significant price fluctuations in affected tokens and raising concerns about asset protection across cryptocurrency platforms. Uncovering Upbit’s Solana Breach and Market Reaction The November 27 breach involved the transfer of around $36 million in Solana network assets from Upbit to an unidentified external wallet. Affected tokens include ORCA, DOOD, RAY, and others. Dunamu Inc., Upbit’s parent company, suspended all Solana-related transactions and launched a deep security review to prevent further issues. Market dynamics shifted as Solana tokens experienced volatility. Low-cap token prices soared, including significant increases in ORCA and MET2, evidencing speculation and reduced liquidity stability. These impacts prompted Upbit to move assets to cold storage and intensify their security protocols. To prevent any damage to member assets, the entire amount will be covered by Upbit’s holdings. We would like to reiterate that this will not affect member assets. — Oh Kyung-seok, CEO of Dunamu/Upbit Historical Context and Expert Security Recommendations Did you know? Solana’s ecosystem vulnerability is reminiscent of a 2019 incident when Upbit faced an ETH hack losing approximately $50 million, similar in scale and impact. Orca’s current price stands at $1.73, showing a 60.77% increase over 24 hours. The trading volume reached $206,449,546, reflecting a notable 2942.44% rise. Despite these gains, Orca’s price dropped 24.38% over 90 days. CoinMarketCap attributes this volatility to recent Solana-associated events. Orca(ORCA), daily chart, screenshot on CoinMarketCap at 08:22 UTC on November 27,… The post Upbit Recovers $36 Million Solana Assets Post-Security Breach appeared on BitcoinEthereumNews.com. Key Points: Upbit uncovered $36M theft from Solana network, pledges user protection. Investors witness abrupt price increases in Solana tokens. Efforts lead to partial asset freezing and in-depth security audit. On November 27, 2025, South Korean cryptocurrency exchange Upbit detected an unauthorized transfer of approximately 54 billion Korean won ($36 million) in Solana assets to an unknown external wallet. The incident highlights security vulnerabilities within the Solana network, triggering significant price fluctuations in affected tokens and raising concerns about asset protection across cryptocurrency platforms. Uncovering Upbit’s Solana Breach and Market Reaction The November 27 breach involved the transfer of around $36 million in Solana network assets from Upbit to an unidentified external wallet. Affected tokens include ORCA, DOOD, RAY, and others. Dunamu Inc., Upbit’s parent company, suspended all Solana-related transactions and launched a deep security review to prevent further issues. Market dynamics shifted as Solana tokens experienced volatility. Low-cap token prices soared, including significant increases in ORCA and MET2, evidencing speculation and reduced liquidity stability. These impacts prompted Upbit to move assets to cold storage and intensify their security protocols. To prevent any damage to member assets, the entire amount will be covered by Upbit’s holdings. We would like to reiterate that this will not affect member assets. — Oh Kyung-seok, CEO of Dunamu/Upbit Historical Context and Expert Security Recommendations Did you know? Solana’s ecosystem vulnerability is reminiscent of a 2019 incident when Upbit faced an ETH hack losing approximately $50 million, similar in scale and impact. Orca’s current price stands at $1.73, showing a 60.77% increase over 24 hours. The trading volume reached $206,449,546, reflecting a notable 2942.44% rise. Despite these gains, Orca’s price dropped 24.38% over 90 days. CoinMarketCap attributes this volatility to recent Solana-associated events. Orca(ORCA), daily chart, screenshot on CoinMarketCap at 08:22 UTC on November 27,…

Upbit Recovers $36 Million Solana Assets Post-Security Breach

Key Points:
  • Upbit uncovered $36M theft from Solana network, pledges user protection.
  • Investors witness abrupt price increases in Solana tokens.
  • Efforts lead to partial asset freezing and in-depth security audit.

On November 27, 2025, South Korean cryptocurrency exchange Upbit detected an unauthorized transfer of approximately 54 billion Korean won ($36 million) in Solana assets to an unknown external wallet.

The incident highlights security vulnerabilities within the Solana network, triggering significant price fluctuations in affected tokens and raising concerns about asset protection across cryptocurrency platforms.

Uncovering Upbit’s Solana Breach and Market Reaction

The November 27 breach involved the transfer of around $36 million in Solana network assets from Upbit to an unidentified external wallet. Affected tokens include ORCA, DOOD, RAY, and others. Dunamu Inc., Upbit’s parent company, suspended all Solana-related transactions and launched a deep security review to prevent further issues.

Market dynamics shifted as Solana tokens experienced volatility. Low-cap token prices soared, including significant increases in ORCA and MET2, evidencing speculation and reduced liquidity stability. These impacts prompted Upbit to move assets to cold storage and intensify their security protocols.

Historical Context and Expert Security Recommendations

Did you know? Solana’s ecosystem vulnerability is reminiscent of a 2019 incident when Upbit faced an ETH hack losing approximately $50 million, similar in scale and impact.

Orca’s current price stands at $1.73, showing a 60.77% increase over 24 hours. The trading volume reached $206,449,546, reflecting a notable 2942.44% rise. Despite these gains, Orca’s price dropped 24.38% over 90 days. CoinMarketCap attributes this volatility to recent Solana-associated events.

Orca(ORCA), daily chart, screenshot on CoinMarketCap at 08:22 UTC on November 27, 2025. Source: CoinMarketCap

The Coincu research team suggests strengthened security measures and regulations due to consistent incidents within the Solana ecosystem. It highlights the need for enhanced blockchain-security technologies, curbing future vulnerabilities. The ongoing focus on security audits by Upbit promises tighter safeguards, aiming to avert breaches akin to those experienced prior.

Source: https://coincu.com/news/upbit-solana-assets-recovered/

Market Opportunity
Ambire Wallet Logo
Ambire Wallet Price(WALLET)
$0.00779
$0.00779$0.00779
-0.76%
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Anthropic Won’t Lift AI Safeguards Amid Ongoing Pentagon Dispute: CEO

Anthropic Won’t Lift AI Safeguards Amid Ongoing Pentagon Dispute: CEO

The post Anthropic Won’t Lift AI Safeguards Amid Ongoing Pentagon Dispute: CEO appeared on BitcoinEthereumNews.com. In brief Dario Amodei says Anthropic will not
Share
BitcoinEthereumNews2026/02/27 08:37
CME Group to Launch Solana and XRP Futures Options

CME Group to Launch Solana and XRP Futures Options

The post CME Group to Launch Solana and XRP Futures Options appeared on BitcoinEthereumNews.com. An announcement was made by CME Group, the largest derivatives exchanger worldwide, revealed that it would introduce options for Solana and XRP futures. It is the latest addition to CME crypto derivatives as institutions and retail investors increase their demand for Solana and XRP. CME Expands Crypto Offerings With Solana and XRP Options Launch According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures. Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders. According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand. Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP. High Record Trading Volumes Demand Solana and XRP Futures Solana futures and XRP continue to gain popularity since their launch earlier this year. According to CME official records, many have bought and sold more than 540,000 Solana futures contracts since March. A value that amounts to over $22 billion dollars. Solana contracts hit a record 9,000 contracts in August, worth $437 million. Open interest also set a record at 12,500 contracts.…
Share
BitcoinEthereumNews2025/09/18 01:39
XRP Price Prediction: Ripple Deploys Billions to Build a Bridge Between Banks and Crypto – Can XRP Reach $1,000?

XRP Price Prediction: Ripple Deploys Billions to Build a Bridge Between Banks and Crypto – Can XRP Reach $1,000?

Ripple is going all in on infrastructure, and this is positively affecting long-term XRP price predictions.Brad Garlinghouse says the company has deployed around
Share
Coinstats2026/02/27 07:30