South Korea Upbit suspends Osmosis transfers due to network failure
2026-11-13 14:12:48
According to CoinMeta, South Korea's largest cryptocurrency exchange Upbit announced that due to the Osmosis blockchain stopping the generation of blocks, deposits and withdrawals for Osmosis ( OSMO ) have been temporarily suspended. As per the announcement on November 13th, the suspension applies to deposits and withdrawals on the Osmosis chain, but users can still buy and sell OSMO within the exchange. Blockchain infrastructure provider QuickNode confirmed this network issue, and other exchanges such as Bithumb and Coinbase also reported the same network problems. Upbit stated that the suspension of transfer services is because Osmosis has stopped generating new blocks, which is crucial for processing and confirming blockchain transactions.
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Source:Cryptonews
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