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Crypto Exchange Upbit Hit by Exploit After $10 Billion Deal

Upbit has suspended deposits and withdrawals after it discovered an unauthorized transfer of about $37 million of digital assets, a black eye for South Korea’s leading crypto exchange just a day after unveiling a historic takeover by Naver Corp.The crypto exchange said in a statement that a portion of Solana network-based assets worth approximately 54 billion won were transferred to an unauthorized external wallet address on Nov. 27. It added that it will fully compensate users for any losses, w...

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