Marketwire
Clear, fast financial news and market insight
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Upbit, South Korea’s leading cryptocurrency exchange, has announced a significant loss of approximately $36 million following a breach of its Solana hot wallet. The incident, which involved unauthorized withdrawals, has prompted the exchange to take immediate action by halting its services and transferring assets to cold storage to enhance security measures. The breach has raised
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Solana, a prominent player in the blockchain space, is currently grappling with a significant market structure crisis. Recent data indicates that nearly 80% of Solana (SOL) holders are facing losses, a situation that has raised concerns about the sustainability of the network’s growth and its future trajectory. This predicament comes at a time when Solana