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Solana is back in the headlines — not for speed, not for innovation, but for yet another multimillion-dollar disaster. South Korea’s biggest exchange, Upbit, has just confirmed a ₩54 BILLION KRW (~$36M) theft routed straight through the Solana network, and the entire market is spiraling.
Hackers breached Upbit’s hot wallet like it was a public WiFi network, sucked out SOL, stablecoins, and every Solana token in reach, then vanished into untraceable wallets before anyone could blink. By the time alarms went off, the money was long gone and the damage was already trending.
Upbit has slammed the emergency brakes, locking all Solana-based deposits and withdrawals, shoving remaining funds into cold storage, and promising to reimburse users. Nice gesture — but let’s be honest: the PR damage is a nuclear-level explosion.
Crypto Twitter is in absolute chaos. Solana holders are coping. Everyone else is laughing. And the memes? Brutal.
Because once again, the storyline writes itself:
“Solana… hacked… again.”
Even though the core Solana protocol wasn’t the actual victim, the optics are catastrophic. Markets don’t wait for detailed explanations — they react to headlines, and this one is a punch straight to the heart of Solana’s credibility.
Fear is everywhere. Traders are panic-selling, others are greedily eyeing the dip like predators, and volume is spiking as uncertainty turns the Solana ecosystem into a live wire. This is the exact kind of chaos where fortunes are made and lost — fast.
Right now, Solana is dancing on a razor’s edge.
Will it collapse under the weight of its own reputation…
or bounce back like every time FUD has tried to kill it?
The next few hours will decide everythin
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