Upbit Freezes $1.77M in Stolen Funds Amid Ongoing Hack Probe

Published at 2025-12-08 06:15:12

South Korea’s largest cryptocurrency exchange, Upbit, announced on Dec. 8, 2025 that it has frozen roughly $1.77 million in assets connected to a recent platform hack. The exchange said its security and incident-response teams are tracing the transfers and pursuing recovery efforts while conducting forensic analysis to determine how attackers accessed the system.

The freeze aims to disrupt laundering routes and give investigators time to follow the flow of funds across wallets and counterparties. The episode highlights ongoing custody risks in the crypto sector and adds pressure on major platforms to bolster defenses amid rising regulatory scrutiny. Upbit did not specify whether services or withdrawals were affected as it coordinates recovery steps with partners and continues its probe.

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A wave of smart-contract exploits and abuse on Polygon has heightened concern that deeper vulnerabilities could threaten DeFi liquidity and MATIC-linked assets. Developers and users are being urged to monitor contracts, bridges and oracle feeds closely.

PolygonSmart ContractsDeFiExploitsSecurity

Published at 2026-01-17 06:15:08

Hacker Steals $282M in Crypto Using Hardware Wallet Social‑Engineering Attack

A sophisticated social‑engineering operation stole over $282 million in BTC and LTC, with the proceeds quickly routed through Monero to obscure the trail.

SecurityLitecoinBitcoinMoneroHardware Wallet

Published at 2026-01-16 20:00:19

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EthereumVitalik ButerinQuantum ComputingSecurityCryptography

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Arbitrum DEX Futureswap Hit by Suspected $400K Hack

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SecurityDeFiArbitrumExploitFutureswap

Published at 2026-01-11 02:45:07

Truebit Token Plunges 99% After $26M Exploit

Truebit’s TRU collapsed roughly 99%, falling from $0.16 to $0.0000000029 after the protocol disclosed a security breach and on-chain analysts traced the stolen Ether. The exploit is reported at about $26 million, leaving the token effectively worthless.