Widespread South Korean crypto alternate, Upbit, was hacked for roughly $36 million on the Solana Community on Thursday, Nov. 27, 2025. The platform halted Solana (SOL) withdrawals and has pledged to totally reimburse affected clients. The assault has been attributed to North Korean hackers, who’ve been chargeable for a number of crypto exploits over a few years. Dunamu CEO Oh Kyung-seok said, “Upbit instantly suspended deposit/withdrawal companies and carried out a complete inspection, prioritizing the safety of member property.“
Will Solana Take a Hit After The Upbit Hack?
Upbit confronted the same hack in 2019 when 342,000 ETH, then price roughly $41.5 million, have been stolen by North Korean hackers. The worth of the Ethereum (ETH) stolen has since risen to greater than $1 billion. The 2019 hack continues to be one of the vital important exploits in crypto historical past.
The Solana Community has been on the heart of a number of crypto exploits. Nonetheless, has not taken successful as of now. In keeping with CoinGecko’s Solana information, SOL’s worth is up 2.9% within the final 24 hours and 0.3% over 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 by 8.9% within the 14-day charts, 28.8% over the earlier month, and 38.1% since November 2024.
The current market upswing may very well be as a consequence of a surge within the possibilities of one other rate of interest minimize in December 2025. Solana (SOL) and the bigger crypto market took an enormous hit during the last month, most probably as a consequence of macroeconomic uncertainties. The current surge in rate of interest possibilities has probably led to an increase in investor sentiment. It’s potential that the market surge will proceed over the approaching weeks. If issues proceed as they’re, Solana (SOL) may reclaim the $200 mark subsequent month.
