US EditionKorea's Upbit Suspends Deposit And Withdrawal Service After $37M in Abnormal Activity in Solana Tokens
17 Articles
17 Articles
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…
Upbit has suffered an abnormal withdrawal of $36.8 million in Solana tokens, triggering the immediate cessation of deposits and withdrawals as well as a massive transfer of funds to Cold Wallets. Some of the stolen assets may have been frozen, while the exchange guarantees full compensation of losses thanks to its own reserves to avoid any panic. The exact origin of the attack remains unknown and the investigation continues, in a delicate contex…
Upbit Pauses Solana Token Withdrawals After $37 M “Abnormal Activity”
On November 27, 2025, Upbit, the largest crypto exchange in South Korea and one of the highest-volume platforms globally, temporarily suspended both deposits and withdrawals for Solana-based tokens. The decision came after the exchange detected roughly $37 million in irregular token movement on the Solana network. This type of suspension is not uncommon during moments of uncertainty, but the scale and timing have raised important questions for t…
Upbit Halts Withdrawals After $37M Solana Hot Wallet Breach News ETHNews
South Korea’s largest cryptocurrency exchange, Upbit, temporarily suspended all deposits and withdrawals on November 27, 2025, after detecting an unauthorized outflow of Solana-based tokens from one of its hot wallets. The exchange identified roughly $37 million worth of assets, including SOL, BONK and JUP, being transferred without authorization in the early morning hours, prompting an immediate lockdown of its systems. Unauthorized Transfer De…
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