[Wu Blockchain News] South Korea's Top Crypto Exchange Upbit Halts OSMO Transfers Amid Network Outage
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Upbit, South Korea's largest crypto exchange by trading volume, suspended OSMO deposits and withdrawals on Osmosis Chain after the Cosmos-based Layer 1 blockchain halted block production. Spot trading of OSMO remains active on the exchange despite the transfer freeze. The outage matters because it leaves OSMO holders on Upbit unable to move tokens on-chain until validators restore block production. Traders will watch for an Osmosis validator or team update confirming the chain has resumed producing blocks, which would likely precede Upbit lifting the transfer suspension.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Upbit, OSMO, Osmosis, Osmosis Chain