Upbit Moves 99% of User Funds to Cold Storage After Hack

By https://coinpedia.org/ on December 10, 2025

The post Upbit Moves 99% of User Funds to Cold Storage After Hack appeared first on Coinpedia Fintech News Upbit, South Korea’s largest crypto exchange, is now keeping 99% of user assets in offline cold wallets after a major hot wallet hack. Hackers stole about 44.5 billion KRW in crypto, mainly from a Solana hot wallet, prompting Upbit to overhaul its wallet system and cut hot wallet use to effectively zero. This new setup …

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