Stabble Urges Liquidity Withdrawal After Ex-CTO Ties Revealed

On Tuesday, April 7, 2026, Solana-based decentralized exchange Stabble issued an emergency alert urging liquidity providers to immediately withdraw their funds, following revelations that a former chief technology officer was allegedly a North Korean operative. The platform, which had about $1.75 million in total value locked at the start of the day, saw that figure plummet by 62 percent to under $663,000 as users rushed to exit positions.

The alert came hours after blockchain investigator ZachXBT publicly identified the individual, Keisuke Watanabe, as using aliases such as kasky53 and keisukew53 on platforms including GitHub. Watanabe had reportedly served as Stabble's CTO about a year earlier and also contributed to Elemental, another Solana DeFi infrastructure project. Stabble's new management team, which assumed control roughly four weeks prior, confirmed the association but emphasized that no exploit, breach, or security incident had occurred. In a post on X, the team wrote, "EMERGENCY! Guys, please temporarily withdraw your liquidity instantly! Better safe than sorry."

Stabble's response was precautionary, aimed at protecting user assets amid uncertainty. A follow-up...