Solana DEX 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 the incident did not harm customer assets or any third-party funds and that it is investigating the scope of the event. The exchange did not disclose the size of the losses or when trading will resume. WET operates a proprietary automated market maker model that supplies liquidity with its own funds, and its daily trading volume once surpassed $1 billion.