Solana tokens rip on Upbit after $32M hack due to halted arbitrage

As of mid-afternoon South Korea time, Solana-based tokens traded with double-digit gains on Upbit following a hack that stole roughly 44.5 billion won ($32 million). CryptoQuant CEO Ki Young Ju noted that Korean traders began bidding up altcoin prices as arbitrage bots, which normally keep Korean and international prices aligned, stopped operating. The service suspension The post Solana tokens rip on Upbit after $32M hack due to halted arbitrage appeared first on CryptoSlate.