Upbit Halts Solana Token Deposits and Withdrawals After Suspicious Activity

Published at 2025-11-27 04:00:08

South Korean exchange Upbit has suspended deposits and withdrawals for tokens on the Solana network after identifying unusual activity, according to the exchange's alert on Nov. 26, 2025. The move follows detection of irregular transfers tied to Solana-based assets; Upbit framed the suspension as a precaution while it investigates the activity and works to secure customer funds.

The halt matters for traders and holders who need to move Solana tokens in or out of the platform and could temporarily tighten liquidity for SOL and related tokens on Upbit. Market participants should watch official Upbit communications for restoration timelines and any required user actions. Other exchanges and on-chain observers will likely monitor the situation for broader contagion or follow-on risks to Solana token flows.

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