Reports on Nov 6, 2026 say China's central bank opened an investigation into Solana over crypto advertising in Shanghai's Lujiazui financial district.

Reports on Nov 6, 2026 say China's central bank opened an investigation into Solana over crypto advertising in Shanghai's Lujiazui financial district.

WatcherGuru first posted the alert at 10:17 UTC, followed by multiple crypto news accounts the same morning.

Telegram channels citing a People's Bank of China official say Solana placed brand ads through local companies that were used as crypto marketing, in violation of China's notice on preventing virtual currency risks.

The same reports say the PBOC with local financial regulators, police and market supervision halted planned Solana Accelerate China 2026 events in Shanghai and other cities, and will investigate involved companies and individuals.

No official PBOC statement link or Solana response was named in these sources, so the claim rests on the WatcherGuru alert and forwarding Telegram channels.