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.

Source: cryptoslate.com

Related symbols: SOLUSD