Widespread South Korean cryptocurrency change Upbit was hacked for roughly $36 million on Solana Community on Thursday, November 27, 2025. The platform stopped withdrawals from Solana (SOL) and pledged to completely refund affected clients. The assault has been attributed to North Korean hackers, who’ve been chargeable for numerous cryptographic exploits for a few years. Dunamu CEO Oh Kyung-seok acknowledged: “Upbit instantly suspended deposit/withdrawal companies and carried out a radical inspection, prioritizing the safety of members’ property.“
Will Solana be affected after the Upbit hack?
Upbit confronted an identical assault in 2019, when North Korean hackers stole 342,000 ETH, then price roughly $41.5 million. Since then, the worth of stolen Ethereum (ETH) has risen to greater than $1 billion. The 2019 hack stays one of many largest exploits in cryptocurrency historical past.
The Solana Community has been on the heart of a number of cryptographic exploits. Nevertheless, to this point he has not acquired any blows. Based on Solana information from CoinGecko, the worth of SOL is up 2.9% within the final 24 hours and 0.3% from the earlier week. SOL’s rally follows a market-wide resurgence, with Bitcoin (BTC) reclaiming the $91,000 mark in the present day. Regardless of the rally, Solana (SOL) continues to be down 8.9% on the 14-day charts, down 28.8% from the earlier month and down 38.1% since November 2024.
The current market rally might be on account of a rise within the possibilities of one other rate of interest minimize in December 2025. Solana (SOL) and the bigger crypto market took an enormous hit over the previous month, seemingly on account of macroeconomic uncertainties. The current rise in rate of interest potentialities has seemingly led to a rise in investor sentiment. The market rally is prone to proceed over the subsequent few weeks. If issues proceed as they’re, Solana (SOL) may reclaim the $200 mark subsequent month.
