Upbit hack causes 44.5 billion won in losses
Upbit, operated by Dunamu, suffered a hack causing 44.5 billion won in losses. Dunamu moved to respond to the cyber intrusion incident. The Financial Supervisory Service completed its inspection of the incident and sent an inspection opinion to Dunamu, launching sanction proceedings.
Key facts
- Affected organisation
- Upbit
- Incident type
- Hacking & intrusion
- Occurred / detected
- Not confirmed
- Scale of damage
- 44.5 billion won
- Cause / method
- Hacking
- Location
- South Korea
Timeline
- Dunamu Vice Chairman Kim Hyoung-nyon missed a meeting in order to respond to the cyber intrusion incident.
- It emerged that financial authorities had sent Dunamu an inspection opinion on the hacking incident and launched sanction proceedings.
- It emerged that the Financial Supervisory Service had completed its inspection of the 44.5 billion won hacking incident.
7 related reports
Other incidents at Upbit
Upbit hack leads to abnormal withdrawal of 44.5 billion won in crypto
Impact: 44.5 billion won in virtual assets
In November 2025, a hack at Upbit led to the abnormal withdrawal of 44.5 billion won in virtual assets. Upbit suspended deposits and withdrawals and said it would fully cover the affected assets, while financial authorities launched an on-site inspection. Upbit later froze 2.6 billion won of the stolen assets using its in-house on-chain tracking system, and in June 2026 it was confirmed that the company had paid 790 million won in compensation related to the hack.
Related reports: 49 · last report →342,000 ether stolen in Upbit hack
Impact: 342,000 ether, worth about 58 billion won at the time
In 2019, 342,000 ether, worth about 58 billion won at the time, were stolen from Upbit. In November 2024, police announced the results of their investigation, concluding that the North Korean hacking groups Lazarus and Andariel were responsible. Some of the assets were recovered through cooperation with Switzerland.
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The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organisation’s official statements for accurate details.