Upbit, a preferred South Korean cryptocurrency trade, suffered a hacking lack of roughly $36 million on its Solana community on Thursday, November 27, 2025. The platform has suspended Solana (SOL) withdrawals and promised to challenge full refunds to affected clients. The assault is believed to be by North Korean hackers who’ve been concerned in a number of cryptocurrency exploits over time. Dunamu consultant Oh Kyung-seok mentioned:Upbit prioritized the safety of member belongings and instantly suspended deposit and withdrawal companies and carried out a complete inspection.“
Will Solana be hit by the Upbit hack?
Upbit suffered the same hack in 2019, when 342,000 ETH, price about $41.5 million on the time, was stolen by North Korean hackers. The worth of the stolen Ethereum (ETH) has since risen to greater than $1 billion. The 2019 hack stays some of the important exploits in cryptocurrency historical past.
The Solana community has been on the heart of a number of cryptocurrency exploits. However up to now it hasn’t been hit. In keeping with CoinGecko’s Solana information, SOL worth has elevated by 2.9% up to now 24 hours and by 0.3% week-on-week. SOL’s rise follows a broader market restoration, with Bitcoin (BTC) regaining the $91,000 mark at this time. Regardless of the rally, Solana (SOL) remains to be down 8.9% on the 14-day chart, 28.8% month-over-month, and 38.1% since November 2024.
The latest market rally could also be as a result of elevated probability of one other charge reduce in December 2025. Solana (SOL) and the bigger crypto market took an enormous hit final month attributable to macroeconomic uncertainty. It’s possible that the latest enhance in the potential of rate of interest rises has led to a rise in investor sentiment. The market rally is more likely to proceed within the coming weeks. If this pattern continues, Solana (SOL) might return to the $200 degree subsequent month.
