South Korea’s Upbit Pauses OSMO Deposits and Withdrawals After Network Failure

South Korean cryptocurrency exchange Upbit has suspended Osmosis (OSMO) deposits and withdrawals following a network-wide outage that stopped block production on the blockchain. The restriction does not affect OSMO trading on the exchange, allowing customers to continue buying and selling the token. Bithumb has also halted deposits and withdrawals, while Coinbase reported transaction delays. Infrastructure provider QuickNode confirmed that the network stalled on November 12 and said it was investigating the disruption.

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