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Upbit Halts Services After $37 Million Solana Token Exploit

Upbit Halts Services After $37M Solana Exploit

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a week ago

South Korea's premier cryptocurrency exchange, Upbit, has temporarily suspended all deposit and withdrawal services following the detection of an unauthorized transfer of approximately $37 million worth of Solana network tokens. The incident, which occurred early Thursday, has prompted the exchange to initiate a comprehensive security review and assures users that all losses will be covered.

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