TLDR
Upbit, South Koreas largest centralized exchange, temporarily halted deposits and withdrawals for Solana (SOL) network tokens after detecting abnormal wallet activity tied to its Solana hot wallet exchange suspension report.
- The halt covered SOL and multiple Solana ecosystem tokens news coverage.
- Upbit said user losses would be fully covered from its reserves exchange statement summary.
- The incident was exchange?side, not a Solana protocol outage report above.
Deep Dive
1. The Exchange
Upbit suspended deposits and withdrawals after detecting an unauthorized outflow involving Solana network assets. Media and exchange summaries confirm the halt and the immediate move to safeguard funds in cold storage exchange suspension report.
If you use Upbit, wallet functions for Solana assets were paused during the inspection window. Other venues were unaffected unless they issued their own notices.
2. Scope Of The Halt
Reports list Solana (SOL) and a range of SPL ecosystem tokens (including BONK, JUP, RAY, PYTH, ORCA and others) among those affected by the temporary suspension news coverage.
Deposits and withdrawals of Solana?based tokens on Upbit were paused. Trading pairs could exhibit local dislocations without arbitrage flows, but on-chain and other exchanges continued operating.
3. User Protection And Follow?Up
Upbit stated it would compensate users fully from corporate reserves and coordinated on-chain freezes of some assets during the halt. The company outlined phased resumption steps and address refresh requirements for resumed networks exchange statement summary.
If you had pending deposits or withdrawals, expect sequential processing after service resumption and generate new deposit addresses per the notice above.
Conclusion
The CEX that halted Solana wallets was Upbit, and the pause was an exchange?specific security response, not a Solana protocol outage. If youre affected, follow the exchanges resumption guidance and confirm new deposit addresses before sending funds.
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