TLDR
Upbit paused Solana (SOL) deposits and withdrawals after a hot?wallet incident; no other major CEX has a broad SOL withdrawal pause confirmed in the past 7 days per reports Upbit freeze.
- Upbit halted Solana network services following an estimated $3638 million outflow media coverage.
- Some venues suspended token?specific or maintenance withdrawals, not general SOL (for example, EXMOs token migration) exchange post.
Deep Dive
1. Upbit Halted SOL Network
The only widely reported CEX pause of Solana?network deposits and withdrawals this week is Upbit. Multiple outlets confirm Upbit froze Solana services after detecting unauthorized withdrawals affecting SOL and Solana tokens Upbit freeze and follow?up.
- Coverage cites an estimated 54 billion KRW (~$3638 million) outflow and a move to cold storage while audits proceed Yahoo Finance.
- Reports emphasize SOL network scope (not a broad cross?chain freeze) and a pledge to fully cover user losses Coinspeaker.
If you use Upbit, expect temporary disruption for SOL and Solana?based tokens and watch for their official resumption notices. Check balances and exchange updates before attempting transfers.
2. Token?Specific or Maintenance Pauses Elsewhere
Other venues showed limited suspensions unrelated to general SOL withdrawals. For example, EXMO disabled deposits/withdrawals during a token migration (AI16Z to ELIZAOS) rather than pausing SOL network broadly exchange post.
- Some platforms periodically suspend withdrawals for maintenance or isolated issues, which are not systemic SOL pauses (for instance, wallet maintenance notices) venue update.
- No credible, widely reported exchange?wide SOL withdrawal halts outside Upbit appeared in the last 7 days in major media.
If your CEX is not Upbit, a SOL withdrawal issue is likely venue?specific or token?specific. Verify your exchanges announcement page before concluding it is a network?wide pause.
Confidence: moderate because evidence is media?sourced and exchange?notice links for Upbit were not surfaced here. Quick check: confirm on your venues official announcements page.
Conclusion
This weeks broad SOL withdrawal pause is attributable to Upbit following a hot?wallet incident. Other exchanges showed token migrations or maintenance pauses, not general SOL halts. If you hold SOL on a different CEX, check its official announcements to confirm status before moving assets.
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