Upbit Hack Results in $4.5M Corporate Loss, User Funds Fully Reimbursed - Exchange Security Update

South Korean cryptocurrency exchange Upbit has disclosed a corporate loss of 5.9 billion won (approximately $4.5 million) resulting from a recent security breach. The exchange confirmed that no user funds were affected by the incident and all customer assets have been fully reimbursed using corporate capital. Upbit has implemented enhanced security measures following the hack and maintains normal trading operations. The exchange emphasized its commitment to user asset protection and transparent communication regarding security incidents.