Korea's Upbit Suspends Deposit And Withdrawal Service After $37M in Abnormal Activity in Solana Tokens

Korea's Upbit Suspends Deposit And Withdrawal Service After $37M in Abnormal Activity in Solana Tokens

Upbit has suspended digital asset withdrawals after detecting irregular activity involving Solana network tokens.

SOL Holds $140 Support as Upbit Hack Fails to Shake Solana Ecosystem

Solana (SOL) is showing remarkable resilience this week, holding firmly above the critical $140 support zone despite heightened market anxiety following a $37 million hack on South Korea’s Upbit exchange. The stability comes at a time when institutional interest in Solana is accelerating, highlighted by Franklin Templeton’s recent Form 8-A filing with the U.S. SEC to launch a Solana ETF. Franklin Templeton’s Solana ETF Fuels Institutional Moment…

Upbit Confirms $36 Million Solana Hack as Exchange Moves to Secure User Assets

Upbit faces a major Solana network breach and moves fast to protect all user assets through strict security steps. The exchange freezes part of the stolen tokens on chain and continues to trace the remaining funds across networks. The hack places added pressure on Upbit as its parent company considers a large merger linked to public listing plans. South Korea’s largest crypto exchange Upbit confirmed a significant security breach on the Solana n…

Upbit Halts Solana Transfers After $36M Crypto Heist

South Korea's cryptocurrency exchange, Upbit , halted all deposits and withdrawals on the Solana SOL network after detecting unauthorized transfers worth about $36 million from a hot wallet.

Upbit Suffer $38M Exploit Affecting Solana’s TRUMP, BONK, and JUP

Key Insights: Upbit lost almost 38 million Solana-based assets due to an unauthorized transfer. The affected tokens are SOL, TRUMP, BONK, JUP, RENDER, and more than 12 Solana tokens. Upbit halted deposits and withdrawals and affirmed that it would cover the losses of users in totality. Upbit, South Korea’s leading crypto exchange, reported a major breach of its Solana-based assets. It discovered unauthorized withdrawals from one of its hot wall…

Upbit Halts Solana Network Activity After $37M Security Breach

Upbit suspends all Solana network services after detecting a $38 million illegal transfer. Engineers secured assets in cold storage and froze millions in LAYER tokens linked to the breach. The company pledged full reimbursement while Solana tokens saw mild declines during the investigation. South Korea’s largest crypto exchange, Ubit, has suspended all Solana-network deposits and withdrawals after an unauthorised transfer worth about $38 million…