The team behind the decentralized exchange Stabble on Solana has urgently called on users to withdraw liquidity. In just one day, the platform's total value locked (TVL) plummeted from $2 million to $600,000.
EMERGENCY! Guys, please temporarily withdraw your liquidity instantly!
— stabble (@stabbleorg) April 7, 2026
Better safe than sorry.
The new Stabble team.
According to the announcement, the exchange has not been hacked, and no funds have been compromised. However, Stabble representatives are concerned about future security.
The project also announced a change in its leadership.
Later, Vibhu Norbi, product director at the Solana Foundation, explained the reasons behind the panic in a comment under the post. He stated that the team learned that on-chain investigator ZachXBT had flagged their former CTO as being associated with North Korea.
For anyone reading this and wants a more thoughtful explanation, I have gathered details here:
— vibhu (@vibhu) April 7, 2026
— The team learned today that the former CTO (who was let go a year ago) was the same person that ZackXBT flagged as DPRK
— A completely new team recently acquired Stabble to take it forward
— There is…
Some users speculate that North Korean hackers may have left a vulnerability in the project's security.
“Recently, the new team acquired Stabble to further develop it. There are no known vulnerabilities or issues, but the project aimed to act proactively and asked people to withdraw funds as a precaution,” Norbi added.
Heightened cybersecurity concerns have persisted in the community since early April, following the incident with Drift Protocol, which lost over $280 million due to an attack.
It was later revealed that the hack was orchestrated by a North Korean group. The attackers had been preparing for six months, gaining the trust of the protocol's developers through personal meetings.
Recall that in March, North Korean hackers were suspected of attacking the cryptocurrency online store Bitrefill.