Upbit's parent company Dunamu CEO apologizes: Will strengthen security measures and fully compensate for damaged assets.
TechFlowNov 28, 2025On November 28th, Wu Jingxi, CEO of Upbit's parent company Dunamu, issued an apology statement regarding the platform's cyber intrusion incident, admitting that the accident stemmed from internal security management loopholes and promising zero loss of user assets.Upbit stated that the incident occurred on the morning of the 27th, when abnormal withdrawals from the Solana-based wallet were detected. A comprehensive investigation of the network and wallet system was immediately conducted, and a serious vulnerability that could infer private keys through on-chain transaction analysis was fixed.As of now, Upbit has determined that the scale of damaged digital assets is approximately 44.50 billion Korean won, of which 38.60 billion Korean won are user assets and 2.30 billion have been frozen; the company's own losses are approximately 5.90 billion Korean won. Upbit emphasized that all user losses have been fully compensated by the platform's own assets.[Techflow]
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Upbit's parent company Dunamu CEO apologizes: Will strengthen security measures and fully compensate for damaged assets.
TechFlowNov 28, 2025On November 28th, Wu Jingxi, CEO of Upbit's parent company Dunamu, issued an apology statement regarding the platform's cyber intrusion incident, admitting that the accident stemmed from internal security management loopholes and promising zero loss of user assets.Upbit stated that the incident occurred on the morning of the 27th, when abnormal withdrawals from the Solana-based wallet were detected. A comprehensive investigation of the network and wallet system was immediately conducted, and a serious vulnerability that could infer private keys through on-chain transaction analysis was fixed.As of now, Upbit has determined that the scale of damaged digital assets is approximately 44.50 billion Korean won, of which 38.60 billion Korean won are user assets and 2.30 billion have been frozen; the company's own losses are approximately 5.90 billion Korean won. Upbit emphasized that all user losses have been fully compensated by the platform's own assets.[Techflow]
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