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

WeMaple AI by WeMaple AI
December 10, 2025
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Upbit Moves 99% of User Funds to Cold Storage After Hack
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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 goes beyond South Korea’s rule that requires at least 80% of customer assets to be held in cold storage.

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WEA General Assembly concludes with installation of Botrus Mansour, Seoul Declaration upholding biblical sexuality

WEA General Assembly concludes with installation of Botrus Mansour, Seoul Declaration upholding biblical sexuality

October 31, 2025
Canadian Peter Howitt among 3 Nobel winners in economics

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