How much was Upbit hack loss?

TLDR

Upbits recent breach resulted in an estimated loss of 44.5 billion KRW (about $30.1 million) per a regulator?linked update (report).

1. Early estimates were ~54 billion KRW (~$36 million), later refined to 44.5 billion KRW (market update).
2. Direct user losses of 38.6 billion KRW (~$26.2 million) were reimbursed by the exchange (market update).
3. About $1.77 million of stolen assets has been frozen during recovery efforts (news report).

Deep Dive

1. Final Figure

The most cited final tally is 44.5 billion KRW (~$30.1 million), stolen from Upbits Solana hot?wallets in under an hour, based on details shared in Koreas regulatory discussions and subsequent coverage (report). Tokens noted in coverage include SOL, ORCA, RAY, and JUP, with Upbit shifting to 99% cold storage after the incident to reduce online exposure (market update).

2. Initial vs Revised

Early reports put losses at ~54 billion KRW (~$36 million); after internal review, the figure was revised to 44.5 billion KRW (market update). Several mainstream summaries still reference $36 million, reflecting the initial estimate rather than the refined figure (summary).

3. User Compensation and Recovery

Upbit stated that 38.6 billion KRW (~$26.2 million) in direct user losses was covered from corporate reserves, aiming to shield customers from financial harm (market update). Recovery efforts have frozen ~$1.77 million of stolen assets so far, with on?chain tracking coordinated across venues (news report). The incident has also accelerated Koreas move toward bank?level, no?fault liability rules for exchanges (policy coverage).

Conclusion

The best?supported figure for the Upbit hack is 44.5 billion KRW (~$30.1 million), revised down from early ~54 billion KRW (~$36 million) reports. Upbit covered direct user losses and increased cold?storage protections, while regulators moved toward stronger, bank?style liability standardsreducing user risk but likely raising operational and compliance demands in the near term.