Which CEX halted SOL deposits?

TLDR

Upbit halted SOL deposits and withdrawals following a Solana hot?wallet breach, per a The Block report.

1. The halt covered SOL and multiple Solana ecosystem tokens on 27 Nov (UTC) per media coverage.
2. Upbit said losses would be reimbursed and assets moved to cold storage per news updates.
3. Korean markets showed premiums as arbitrage bots paused, per a market recap.

Deep Dive

1. Who Halted Deposits

Upbit is the centralized exchange that halted SOL deposits and withdrawals. The action followed detection of unauthorized transfers from a Solana hot wallet, as described in a The Block report.

2. Scope and Timing

Coverage included SOL and a broad set of Solana ecosystem tokens, with the incident occurring around 27 Nov (UTC). Upbit posted urgent notices and moved funds to cold storage, pledging full reimbursement, per media coverage and news updates.

1. Impacted tokens cited include SOL, USDC, BONK, JUP, RAY, RENDER, ORCA, PYTH and more per news coverage.
2. Deposits/withdrawals were suspended while a comprehensive wallet/security audit proceeded per news updates.

3. Market Impact

The halt disrupted arbitrage flows between Korean won pairs and global markets, producing notable local premiums on Solana tokens, per a market recap.

1. Premiums appeared across ecosystem tokens as arbitrage bots paused per the recap above.
2. Price stability in SOL suggested the incident was exchange?specific rather than a Solana protocol issue per market coverage.

Conclusion

Upbit paused SOL deposits and withdrawals after a hot?wallet breach, affecting Solana ecosystem tokens and temporarily distorting Korean market pricing. The exchange committed to reimbursing users and moved assets to cold storage, suggesting contained venue risk rather than a network?wide Solana issue.