Dunamu CEO Apologizes After Upbit Breach as Solana-Linked Losses Revised

Published at 2025-11-28 10:45:23

On Nov. 28, 2025 Dunamu’s CEO issued a public apology following a security breach at crypto exchange Upbit and said the firm has revised its estimates of losses linked to Solana-related activity. The company acknowledged the incident exposed shortcomings in its security posture and said it is still finalizing the scope of impacted assets and customer exposure.

The episode matters because it could erode user trust in centralized exchanges and draw sharper regulatory and market scrutiny of hot-wallet practices and cross-chain activity. Dunamu said it would cooperate with investigators and review security protocols; final loss figures and any compensation plan for affected users remain pending as the investigation continues.

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