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 problem full refunds to affected prospects. 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 property and instantly suspended deposit and withdrawal companies and carried out a complete inspection.“
Will Solana be hit by the Upbit hack?
Upbit suffered an analogous 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 probably the most vital exploits in cryptocurrency historical past.
The Solana community has been on the middle of a number of cryptocurrency exploits. However to date it hasn't been hit. In response to CoinGecko’s Solana information, SOL worth has elevated by 2.9% prior 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 right now. 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 current market rally could also be as a result of elevated chance of one other fee minimize in December 2025. Solana (SOL) and the bigger crypto market took an enormous hit final month attributable to macroeconomic uncertainty. It’s probably that the current improve in the potential for 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.
(Tag translation) Solana
