Major security incident just hit the crypto space. Upbit's wallet infrastructure got breached—attackers drained roughly $36 million in Solana-based tokens (around 54 billion KRW) to an unauthorized address.
This isn't just another hack headline. It's a brutal reminder that centralized custody comes with risks. When exchanges hold your private keys, you're trusting their security stack with your wealth.
The lesson here? If you're not controlling the keys, you're not really controlling the assets. Self-custody might feel cumbersome, but incidents like this show why it matters.
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GasWastingMaximalist
· 11-29 01:15
Again and again, hacked. The exchange is really outrageous.
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LiquidatorFlash
· 11-27 07:57
36 million USD? Once again, it verifies that the risk control mechanism of the Centralized Exchange is virtually non-existent.
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GasFeeCrybaby
· 11-27 07:54
Again and again hacked? Bitget really needs to reflect on this.. Managing keys is indeed troublesome, but seeing this kind of news repeatedly makes me feel uneasy; I still have to manage it myself.
Major security incident just hit the crypto space. Upbit's wallet infrastructure got breached—attackers drained roughly $36 million in Solana-based tokens (around 54 billion KRW) to an unauthorized address.
This isn't just another hack headline. It's a brutal reminder that centralized custody comes with risks. When exchanges hold your private keys, you're trusting their security stack with your wealth.
The lesson here? If you're not controlling the keys, you're not really controlling the assets. Self-custody might feel cumbersome, but incidents like this show why it matters.