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Why Upbit Tokens Pumped During the Hack?

Ryan Yoon, Jay Jo, and Ekko an
Dec 01, 2025

Explaining Fishing Net Pumping in Korean Crypto Trading [link]

Source: Upbit

Upbit, Korea’s largest CEX, got hacked. Upbit suspended deposits and withdrawals for SOL-related tokens ($ORCA, $RAY, $MET2, etc.). Did this trigger a bank run? No. It sparked what Korean traders call “Gadu-ri Pumping” (fishing net pumping).

See this unique Korean trading phenomenon →


Sign: From Community to Government [link]

Sign brings TokenTable and Sign Protocol to government infrastructure. TokenTable distributed $3B+ in tokens to 55M+ users. Sign Protocol verifies identity on-chain. Both now power government systems. Government business sounds unsexy. But it delivers massive markets and stable revenue.

See how Sign turn unsexy opportunities into sexy wins →


Will Bitcoin’s Drop to 80K Break Strategy’s Model? [link]

Everyone fears Strategy. They hold enough Bitcoin to move markets—hero or single point of failure. Today’s panic: they’re selling, market collapsed. But nobody reads the 10-K, only estimates and discusses.

See if Strategy can actually go bankrupt →


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Your Sherpa to Asia's Web3 Landscape: Be among the 20,000+ pioneers who receive exclusive Asia insights.
HYUNWOO SEOL's avatar
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