Solana DEX WET Suspends Trading After Internal Network Incident

Solana-based decentralized exchange WET has halted trading due to an internal network incident that affected its systems and some of its own funds.

The team at WET detected the issue during routine monitoring and is currently investigating the cause, which may have been an external attack, smart contract vulnerability, or internal error.

No customer assets or third-party funds were harmed in the incident, but the halt has raised questions about the sustainability of WET's business model and its risk management practices.

The exchange had gained significant traction in the Solana ecosystem before the trading suspension, with daily trading volumes once surpassing $1 billion.