$36 million Upbit hack revives the quiet truth about hot-wallet ‘insurance’

When Upbit detected unauthorized withdrawals of roughly $36 million in Solana tokens from a hot wallet on Nov. 27, CEO Oh Kyung-seok went on record within hours. He stated: “The entire amount will be covered by Upbit’s holdings, with no impact on customer assets.” Six years earlier, Upbit said the same thing after losing 342,000 The post $36 million Upbit hack revives the quiet truth about hot-wallet ‘insurance’ appeared first on CryptoSlate.