The Fallout from Upbit’s Security Breach: What It Means for Crypto Payroll
There we have it – another day, another security breach shaking the foundations of the crypto world. This time, South Korea’s Upbit was hit hard, with a whopping $39.1 million in Solana assets snatched away. Not only does this raise eyebrows about the safety of our beloved digital assets, but it also brings up some serious concerns for small and medium enterprises (SMEs) thinking about getting into crypto payroll. Let’s unpack what this all means.
Upbit’s Major Breach: A Closer Look
On November 26, 2022, Upbit, the top dog in South Korea’s crypto exchange scene, reported an unauthorized withdrawal of Solana-related assets. Apparently, the breach went down at around 7:42 p.m. UTC, with the exchange spotting some dodgy transaction…
