Upbit Suspends Solana Operations After $36.8M Hot Wallet Breach

South Korean exchange Upbit halted Solana deposits and withdrawals following a hot wallet breach on November 27 that drained approximately $36.8 million in SOL-based tokens. The incident affected one Solana wallet holding assets including SOL, USDC, BONK, and other ecosystem tokens. The platform immediately transferred remaining Solana assets to cold storage and froze roughly $8.2 million in tokens through collaboration with project teams.