Upbit halts deposits and withdrawals after $36M Solana wallet breach

A malicious Chrome extension named Crypto Copilot has been identified, allowing users to trade Solana directly from X while secretly skimming a portion of each transaction. This raises significant concerns regarding user security and trust in cryptocurrency trading tools.

The 21Shares Solana ETF (TSOL) has experienced a significant outflow of over $34 million in a single day, marking the end of a previously successful run for Solana ETFs. This reversal comes amid a broader trend of shifting investor sentiment in the cryptocurrency market.

DWF Labs has launched a $75 million fund aimed at accelerating the development of decentralized finance (DeFi) infrastructure, targeting next-generation projects across various blockchain platforms including Ethereum, BNB Chain, and Solana. This initiative reflects a growing commitment to enhancing the DeFi ecosystem and supporting innovative financial solutions.

Upbit, South Korea's largest cryptocurrency exchange, experienced a significant security breach resulting in a loss of approximately $36 million from its Solana hot wallet. This incident occurred shortly after its parent company, Dunamu, announced a $10 billion acquisition deal with Naver, raising concerns about the exchange's security measures.

Upbit, South Korea's largest cryptocurrency exchange, has reported a hack resulting in a loss of approximately $37 million from its Solana network. The exchange has suspended all deposits and withdrawals as it investigates the incident and aims to bolster security measures to protect customer assets.

Solana's price has stabilized around the critical support level of $143 following a multi-week decline, with analysts observing neutral momentum and anticipating either a relief bounce or a further drop to lower support levels. The cryptocurrency has faced significant fluctuations, trading recently above $130 after a notable decline from its previous highs.

Upbit, South Korea's largest cryptocurrency exchange, has suspended its deposit and withdrawal services following $37 million in abnormal activity related to Solana tokens. This decision comes amid ongoing scrutiny of the exchange's compliance practices and the broader cryptocurrency market's instability.

The Dogecoin ETF has had a disappointing launch, failing to meet market expectations and underperforming compared to the XRP and Solana ETFs, which have seen significant inflows. The Dogecoin ETF only managed to generate $1.41 million in trading volume on its debut day, raising concerns about its attractiveness to investors.