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Solana Tokens Face $37M Withdrawal Ban

Upbit Halts Withdrawals Amid $37M Irregular Activity in Solana Tokens

  • Upbit has suspended digital asset withdrawals due to suspicious activity.
  • The irregular activity involves tokens on the Solana network.
  • Approximately $37 million was flagged as abnormal transactions related to these tokens.
  • The exchange is investigating the nature of these transactions further.

The suspension of withdrawals is a precautionary measure taken by Upbit following the detection of significant irregularities involving Solana tokens, amounting to $37 million. This action underscores the exchange’s commitment to security and user protection.

As Upbit investigates, users should remain aware of potential impacts on their trading activities, particularly concerning Solana assets linked to this incident. (Source)

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