️ Korean Media: Upbit Exchange Delayed Reporting Hack to Regulators by 6 Hours According to data obtained by South Korean National Assembly Political Affairs Committee member Kang Min-kuk from the Financial Supervisory Service, Upbit detected abnormal transactions at 4:42 AM on November 27 but did not report to the Financial Supervisory Service until 10:58 AM. During this time, hackers stole over 104 billion Solana ecosystem tokens within 54 minutes, valued at approximately 44.5 billion KRW. Upbit held an emergency meeting 18 minutes after discovering the attack, suspended Solana network token deposits and withdrawals 27 minutes later, and fully halted all digital asset deposit and withdrawal services by 8:55 AM. However, current laws lack direct penalty provisions for hacking incidents involving virtual asset service providers, making it difficult for the Financial Supervisory Service to impose significant sanctions. https://www.(techflowpost.com)/newsletter/detail_107781.html