Upbit says emergency audit of $30M hack uncovered internal wallet flaw that could let attackers derive private keys

Upbit Identifies Internal Wallet Flaw While Probing $30 Million Crypto Theft Incident

Upbit found a wallet flaw as it investigated a major crypto theft and moved fast to secure its systems. The exchange halted activity and rebuilt wallet tools while confirming losses and protecting customer funds. Officials launched a review to understand the breach and assess risks across South Korea’s crypto sector. Upbit reported a critical wallet vulnerability during its investigation of a recent $30 million theft. The company confirmed that …

Upbit Identifies Internal Wallet Flaw As Probe Into $30M

Upbit found and fixed a wallet flaw after detecting $30M in unauthorized withdrawals. Weak signature data may have exposed partial private keys during past transactions. Authorities and Upbit continue investigations as the exchange rebuilds wallet systems. South Korea’s largest cryptocurrency exchange is working through a deepening forensic investigation after uncovering a major internal vulnerability while reviewing last week’s $30 million thef…

Emergency audit after the Upbit hack reveals internal wallet flaw

Upbit patched a wallet flaw after a $30M Solana-related hack. Withdrawals were halted, and stolen funds were partly frozen following the attack. Authorities probe possible Lazarus Group involvement. South Korea’s largest cryptocurrency exchange, Upbit, has revealed a serious internal wallet vulnerability while conducting an emergency audit in the wake of a $30 million hack. The discovery comes as the company continues to investigate irregular So…

Upbit Finds Critical Wallet Flaw After $30 Million Hack

What Did Upbit Discover After the Breach? Upbit says an emergency audit triggered by this week’s $30 million theft uncovered a flaw in its internal wallet software that could have leaked private keys. The exchange, South Korea’s largest by trading volume, disclosed that the vulnerability was found during a full inspection of its networks and wallet systems, though it did not directly tie the issue to the hack. In a Friday notice translated from …

Upbit uncovers private key vulnerability after $30M hack

South Korean crypto exchange Upbit says that there is “no excuse” for the “inadequate security management” that has led to a serious private key vulnerability on its platform. Oh Kyung-seok, the CEO of Upbit’s parent company, Dunamu, issued a statement today that claimed the vulnerability, which could allow would-be hackers to guess another user’s private keys, was discovered during its analysis of public Upbit wallet transactions on the blockch…