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AiCoin
AiCoin|Nov 28, 2025 09:02
[Upbit Suspends Digital Asset Deposits and Withdrawals Due to Security Breach, Promises Full Compensation for User Losses] Upbit CEO Woo Jin-seok apologized to users for the recent cybersecurity incident, admitting that the issue was caused by insufficient security management. Upbit has suspended digital asset deposits and withdrawals, tracked the outflow of assets, and frozen approximately 2.3 billion KRW in assets. In this incident, Upbit confirmed the total amount of damaged assets to be approximately 44.5 billion KRW, of which user losses amounted to about 38.6 billion KRW. Upbit has pledged to fully compensate user losses using its own assets. Upbit is currently undergoing a comprehensive upgrade of its wallet system and will resume digital asset deposit and withdrawal services once security is confirmed. The company also stated that it will further strengthen its security system to prevent similar incidents from happening again.
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