The cryptocurrency exchange Upbit from South Korea reported a loss of $36.8 million due to a hack that occurred on November 27. The attack resulted in unauthorized withdrawals of assets linked to the Solana network, leading to a loss of funds. The exchange temporarily suspended some of its services and began an emergency security review of all its systems.

The company stated it will compensate the lost funds using its own assets to protect users’ holdings. All remaining funds were moved to cold storage, and the exchange is working with project teams to freeze assets on the blockchain. Upbit is continuing to work on strengthening its platform’s security.

This is not the first hack of the exchange: exactly 6 years ago, on November 27, 2019, Upbit lost $48.5 million in Ethereum (ETH) during a hack. This time, the company is focused on preventing similar incidents in the future and improving the reliability of its systems.