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 positive factors on Upbit following a hack that stole roughly 44.5 billion gained ($32 million). CryptoQuant CEO Ki Young Ju noted that Korean merchants started bidding up altcoin costs as arbitrage bots, which usually maintain Korean and worldwide costs aligned, stopped working. The service…
