A post by @WuBlockchain on X.
South Korea's Top Crypto Exchange Upbit Halts OSMO Transfers Amid Network Outage
@WuBlockchain on X
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Upbit, South Korea's largest crypto exchange by trading volume, has temporarily suspended deposits and withdrawals of Osmosis (OSMO) on the Osmosis Chain following a network outage on the Cosmos-based blockchain. The halt affects OSMO transfers only, leaving spot trading on the exchange unaffected. The disruption matters because Upbit is a major Korean liquidity venue for OSMO, so a prolonged outage could widen price dislocations between Korean and global markets. Traders will watch for Osmosis chain operators to restore block production and for Upbit to confirm a resumption time for transfers.
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Named in this story
Upbit, OSMO, Osmosis, Cosmos (ATOM), Wu Blockchain
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