Upbit is a well-known crypto exchange from South Korea. On Thursday, Nov. 27 2025, it was compromised for approximately $36 Million on the Solana Network. Platform halted Solana withdrawals (SOL), and promised to reimburse all affected customers. North Korean hackers are believed to be responsible for the attack. They have previously been involved in several other crypto-exploits over the years. Dunamu CEO Oh Kyung-seok stated, “Upbit immediately suspended deposit/withdrawal services and conducted a comprehensive inspection, prioritizing the protection of member assets.“
Will Solana be Hit by The Hack of Upbit?
Upbit was also the victim of a hack similar to this one in 2019, when hackers from North Korea stole 342,000 ETH worth approximately $41.5 million. Since then, the value of stolen Ethereum (ETH), now worth more than a billion dollars, has risen. The hack of 2019 remains one the most important exploits ever in crypto-history.
Solana Network is at the centre of several crypto attacks. But, as yet has not been hit. According to CoinGecko’s Solana dataSOL is now up by 2.9% over the past 24 hours, and 0.3% in comparison to the week before. SOL rallies follow a market-wide revival, as Bitcoin (BTC), reclaimed $91,000 today. Solana’s (SOL), despite the rally, is still down on 14-day charts by 8.9%, 28.8% since the last month and 38.1% from November 2024.
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Recent market gains could be attributed to an increase in interest rates in December 2025. Solana’s (SOL), and more broadly the crypto market, took a huge hit in the past month. This was most likely because of macroeconomic uncertainty. Investor sentiment has probably risen due to the recent rise in interest rates. The market may continue to surge in the next few weeks. Solana’s (SOL), if the current trend continues, could surpass $200 in next month.
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Source: watcher.guru
