UPBIT HIT BY $37M SOLANA HOT-WALLET HACK

Summary from the TLDR Crypto newsletter

South Korea's largest exchange, Upbit, detected about 54B KRW (~$37M) in “abnormal withdrawals” of Solana-ecosystem tokens to an unknown external wallet and has halted all deposits and withdrawals on Solana. The exchange says it moved remaining funds to cold storage. It has already frozen ~$8.2M of LAYER. Upbit will fully compensate affected users from its own reserves.