Solana-based exchange WET halts trading after internal network incident

Solana-based decentralized exchange WET temporarily halted trading after an internal network incident affected its systems and some of its funds. WET said customer assets and third-party funds were not harmed and that it is investigating the scope of the event. The exchange did not disclose the size of any losses or say when trading would resume. WET uses a proprietary automated market maker model that supplies liquidity with the exchange's own funds, and its daily trading volume previously surpassed $1 billion.

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