Upbit Halts Services After Major Solana Token Heist

South Korean cryptocurrency exchange Upbit has halted its platform services following a major security breach that resulted in the theft of approximately $54 billion worth of Solana tokens. The theft, which occurred early Thursday morning, triggered a swift investigation and emergency measures by Upbit to secure user funds. ₩54B worth of cryptocurrency was transferred to an unknown external wallet, disrupting the exchange and its users.