Upbit Apologizes: Confirms Approximately $30.30M in Asset Losses and Will Fully Compensate Users

Upbit CEO Wu Gyeong-seok issued an announcement apologizing to users for the cyber intrusion incident and stated that the incident stemmed from Upbit's security management negligence.

Upbit has promised that users' assets will not suffer any losses, and has reported the incident to the competent authorities in accordance with relevant regulations and is investigating the cause and scale of the incident.

[Foresight News]