How is the crypto market behaving post-Thanksgiving? Explore the latest market updates on Nov. 28.
South Korean authorities claimed that North Korea’s Lazarus Group orchestrated the Upbit breach on Nov. 27. It was revealed in a Yonhap report published today, on Nov. 28. Investigators are preparing to conduct an on-site inspection at the exchange as part of the ongoing probe.
The update comes after Upbit confirmed that irregular withdrawals on the Solana network siphoned off roughly $36 million in several tokens. In response, the exchange froze impacted wallets, shifted remaining assets to cold storage, and pledged to fully compensate affected customers.
South Africa’s central bank has determined that there is no urgent need to introduce a retail CBDC, despite years of research, pilots, and industry consultations.
While the South African Reserve Bank remains open to revisiting potential use cases in the future, it is prioritizing broader national payment-system reforms for now.
The bank also emphasized that stablecoins and cryptocurrencies pose significant risks to the country’s financial system.
The Monad (MON) token fell 13.48% to $0.03696 in 24 hours, erasing the gains it posted after launching earlier this week.
Order-book imbalances and a falling cumulative volume delta point to early holders selling and new short positions pressuring the price.
The decline comes in the wake of a network spoofing incident. All this happened despite the chain reporting strong activity with 150,000 users, 4.7 million transactions, and a sharp rise in stablecoin flows.