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Solana Network Congestion Returns? Validators Propose Adjust

2026-10-20 01:01 · 3 sources

October 19, Jin10 Data, Odaily Planet Daily and PANews reported successively that Lee Chan-jin, head of the Korea Financial Supervisory Service (FSS), stated that Solidigm, SK Hynix's US subsidiary, may violate "dual listing" restriction rules if it goes public in the US, and that regulators are studying whether it needs to be reviewed under Korean domestic laws. Sources differ in their wording between "may violate" and "constitutes a violation."

Event Timeline

Background and Impact

Multiple reports on October 19 show that Jin10 Data and Odaily Planet Daily published the news at 06:32, and PANews reposted it at 06:34, with highly consistent content: Korean financial regulators made a statement on Monday regarding the potential listing of SK Hynix's US subsidiary Solidigm. Lee Chan-jin, head of the Korea Financial Supervisory Service, said that if Solidigm goes public, it may violate relevant "dual listing" restriction rules. This was the main public information about the event that day, and none of the four sources provided details such as Solidigm's listing timetable or whether an application had been submitted.

On the background side, Lee Chan-jin said that Korean regulators are studying whether Solidigm would need to undergo review under Korean domestic laws if it conducts an IPO in the US. Asked how the regulator would protect the interests of minority shareholders in parent company SK Hynix if Solidigm lists, he replied: "We have been closely monitoring this matter... Both the Korean Financial Services Commission and we believe this constitutes a violation of the relevant 'dual listing' rules." The materials show that the institutions involved in this matter include the Korea Financial Supervisory Service and the Korean Financial Services Commission.

It should be noted that there is a divergence in wording among the materials: the titles and summaries of all sources use "may violate relevant 'dual listing' restriction rules," while Lee Chan-jin's direct quote reads "this constitutes a violation of the relevant 'dual listing' rules." The tone differs in strength; this article presents both as they are without drawing a conclusion for either side. None of the four sources disclosed review conclusions, subsequent time nodes, SK Hynix's stock price, or specific data on the impact on minority shareholders, and none touched on Solana-related content; interpretation still awaits supplementary follow-up reports. Readers who need to check relevant market data can watch common access points such as Binance (币安) registration/app download, OKX (欧易) registration/app download, HTX (火币) registration/app download, Gate.io (芝麻) registration/app download, and Bitget registration/app download to obtain data.

FAQ

### Has Solidigm's US listing been confirmed to violate Korean rules?

The materials do not give a definitive conclusion. Lee Chan-jin said regulators are "studying" whether Solidigm would need to be reviewed under Korean domestic laws if it conducts an IPO in the US; the summary wording is "may violate," while his quote reads "constitutes a violation." The two statements are inconsistent, and there is no final ruling yet.

### What are the follow-up nodes for this news?

None of the four sources provided a review completion time or follow-up process arrangements, nor did they state whether formal proceedings have been initiated. Watch for subsequent public information from the Korea Financial Supervisory Service and the Korean Financial Services Commission, as well as subsequent reposts and updates from Jin10 Data, Odaily Planet Daily, and PANews.

### What does this news have to do with Solana or the crypto market?

All content in the four given sources revolves around the listing issue of Korean regulators, SK Hynix, and its US subsidiary Solidigm. None mentions Solana or other crypto assets, so no judgment can be made about its connection to the crypto market.

Sources

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