On November 28, 2025, South Korean cryptocurrency exchange Upbit reported a meaningful security breach resulting in the unauthorized withdrawal of approximately ₩48 billion (roughly $37 million USD as of November 29, 2025, 18:44:55 PST) worth of cryptocurrency. The stolen assets included Bitcoin (BTC), Ethereum (ETH), and TRON (TRX) as reported by local news sources.
The compromised funds were initially transferred to an unknown wallet address. Upbit immediately halted all deposit and withdrawal services to investigate the incident and secure remaining assets. The exchange has stated that it is working with law enforcement and cybersecurity experts to track the stolen funds and identify the perpetrators.
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