Upbit Freezes 2.6 Billion Won in Stolen Assets, Launches 10% Recovery Bounty

• Upbit 2.6 Billion Won Asset Freeze follows a $38.5 million Solana withdrawal.
• OTS tracking and global exchange coordination secure hacked funds and blacklist wallets.
• A 10%bounty and full user reimbursement turn this into a recovery campaign.

Upbit cryptocurrency exchange has frozen 2.6 billion won worth of assets that were victimized, according to reports.

Related: Upbit Confirms $37M Hack: Exchange Says It Will Cover Every Lost Dollar

How Upbit Responded To The Abnormal Solana Withdrawal

Following the detection of abnormal withdrawal activity from a wallet affiliated with the Solana network, Upbit blocked deposits and withdrawals and upgraded its wallet system as a security measure. 

In the meantime, the cryptocurrency exchange said that the 38.6 billion won in customer assets tied to the abnormal withdrawal has already been fully covered with the compan…

Read The Full Article Upbit Freezes 2.6 Billion Won in Stolen Assets, Launches 10% Recovery Bounty On Coin Edition.