Upbit reports $40M theft from hot wallet, says cold wallet is secure

South Korean crypto exchange Upbit has issued a follow-up announcement confirming an unauthorized withdrawal from its hot wallet involving assets on the Solana (SOL) network. The exchange stated that the total loss amounts to 54 billion won (approximately $40 million). Upbit clarified that the breach was confined to its hot wallet and assured users that its cold wallet, where assets are stored separately, remains secure and was not compromised.