Upbit and Bithumb have designated WAVES as a token under trading warning.
According to an Odaily flash report, the two South Korean exchanges took this action based on official announcements, citing an unexplained or unresolved security incident involving the WAVES wallet or distributed ledger. WAVES deposits and withdrawals have been suspended. Bithumb said it will announce between December 7 and 11 whether it will extend or lift the designation, or terminate trading support.
· What has been confirmed is the warning status and the suspension of deposits and withdrawals; the source material did not disclose the specific cause of the security incident or the scale of any losses.
· The immediate impact on holders is that they temporarily cannot deposit or withdraw funds. Trading status depends on the decision Bithumb announces next month.
Would you look first at Bithumb’s decision on December 7 or the explanation of the wallet incident?
$WAVES
According to an Odaily flash report, the two South Korean exchanges took this action based on official announcements, citing an unexplained or unresolved security incident involving the WAVES wallet or distributed ledger. WAVES deposits and withdrawals have been suspended. Bithumb said it will announce between December 7 and 11 whether it will extend or lift the designation, or terminate trading support.
· What has been confirmed is the warning status and the suspension of deposits and withdrawals; the source material did not disclose the specific cause of the security incident or the scale of any losses.
· The immediate impact on holders is that they temporarily cannot deposit or withdraw funds. Trading status depends on the decision Bithumb announces next month.
Would you look first at Bithumb’s decision on December 7 or the explanation of the wallet incident?
$WAVES
