Need help? Support
BITCOIN
Tether Dominance USDT.D

Which Solana tokens were drained?

Published 366 words 2 min read

TLDR

The tokens reported as drained were Solana-based assets from Upbits hot wallets, including SOL, USDC, BONK, JUP, RAY, PYTH, ORCA, and RENDER, among others. The incident was disclosed by the exchange and covered across multiple reports (Yahoo Finance).

  1. Media lists also included TRUMP, MOODENG, JTO, ACS, and LAYER, with some LAYER later frozen on chain (Bitcoinist).
  2. Upbit halted Solana-network deposits and withdrawals to contain an estimated $3738.5 million outflow (AMB Crypto).

Deep Dive

1. Affected Token Set

Multiple reports list a broad set of Solana ecosystem tokens as affected. Core names include SOL, USDC, BONK, JUP, RAY, PYTH, ORCA, and RENDER, with coverage confirming the exposure came from Upbits Solana hot wallets rather than protocol-level hacks (Yahoo Finance). AMB Cryptos summary names the same set, noting the breadth across DeFi and meme tokens (AMB Crypto).

What this means

If you held these assets on Upbit, the incident relates to exchange wallets. On-chain protocols for these tokens were not the exploit vector in these reports.

2. Extended List And Partial Freezes

Other reports expanded the list to include TRUMP, MOODENG, JTO, ACS, and LAYER, alongside SOL and USDC. At least some LAYER was later frozen during on-chain response efforts, showing evolving recovery actions as transfers were traced (Bitcoinist). CCN focused on Solana memecoins, highlighting BONK, TRUMP, and MOODENG among the affected names (CCN).

What this means

The list is broad and may continue to update as investigators trace and freeze funds. Treat any exhaustive token list as provisional.

3. Containment Steps And Scale

Upbit suspended deposits and withdrawals for Solana assets while conducting a security audit, citing abnormal withdrawals estimated around $3738.5 million. This aligns across several summaries of the incident (AMB Crypto, Yahoo Finance).

What this means

Operational controls (suspensions, freezes) aim to cap further losses and recover funds. If you transact Solana assets via Upbit, expect temporary disruptions and follow official updates from the exchange.

Conclusion

Reports indicate a wide set of Solana ecosystem tokens were drained from Upbits hot wallets, led by SOL, USDC, BONK, JUP, RAY, PYTH, ORCA, and RENDER, with additional names like TRUMP, MOODENG, JTO, ACS, and LAYER also cited. The event appears exchange-specific, with Upbit halting Solana-network flows and some assets reportedly frozen, so the situation may keep evolving as investigations progress.

Educational information only. Crypto markets are volatile and this is not financial advice.


Top