Major Upbit Security Breach: $39.1M in Solana Assets Stolen
Unauthorized Withdrawal Incident: Upbit, a leading South Korean cryptocurrency exchange, reported a significant unauthorized withdrawal of Solana-related assets worth $39.1 million, highlighting ongoing security challenges in the digital asset sector.
Immediate Response Actions: Upon detecting the breach on November 26, Upbit conducted an emergency security review, transferred remaining assets to cold storage, and successfully froze approximately $8.7 million in compromised assets.
Importance of Security Protocols: The incident underscores the necessity for robust security measures and quick detection systems in cryptocurrency exchanges to minimize losses and maintain user trust.
User Protection Commitment: Upbit has assured users that all losses from the incident will be covered by the company’s funds, setting a positive precedent for user protection in the cryptocurrency industry.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 17.588 | 42.544 | 69.208 | 94.164 | 120.828 | 145.784 | 172.448 |
| Fibonacci | 42.544 | 62.263 | 74.445 | 94.164 | 113.883 | 126.065 | 145.784 |
About SOL
About the author
