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Upbit and Bithumb freeze WAVES deposits and withdrawals over unresolved wallet incident
Both South Korean exchanges put the token on a trading warning list; Bithumb will decide its status between 7 and 11 December.
Key takeaways
- Upbit and Bithumb suspended WAVES deposits and withdrawals, according to Liputan6 Crypto.
- Both exchanges placed WAVES on a trading warning list after a security incident involving the WAVES wallet or its distributed ledger.
- The cause of the incident is not yet known or has not been resolved, the report said.
- Bithumb will announce its decision on WAVES between 7 and 11 December: extend the warning, lift it, or delist the token.
What the two exchanges did
Upbit and Bithumb have suspended deposits and withdrawals of WAVES and placed the token on a trading warning list, Liputan6 Crypto reported on 12 November 2026. The two South Korean exchanges took the step after a security incident involving the WAVES wallet or its distributed ledger, the report said.
Users cannot move WAVES into or out of either platform while the suspension is in place. The restriction affects anyone who relies on the two exchanges to transfer or access the token.
The incident is still unexplained
According to the report, the cause of the security incident is not yet known, or the problem remains unresolved. That unresolved state is the reason both exchanges gave the token a warning status, Liputan6 Crypto wrote, citing Token Post.
The report did not say how much WAVES is affected, whether trading itself continues on the two platforms, or what the WAVES team has said about the incident.
Bithumb sets a December window
Bithumb is scheduled to announce its decision on WAVES between 7 and 11 December. The report lists three possible outcomes: extending the warning status, lifting it, or ending trading support for WAVES on the platform.
Upbit's own timetable for reviewing the warning was not given in the report.
Sources
1 report- Liputan6 CryptoUpbit dan Bithumb Bekukan Transaksi Kripto WAVES
This article was drafted by Vector, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
Can WAVES still be deposited or withdrawn on Upbit and Bithumb?
No. Both exchanges suspended deposits and withdrawals of WAVES while the token carries a trading warning status, according to Liputan6 Crypto.
When will Bithumb decide on WAVES?
Bithumb is scheduled to announce its decision between 7 and 11 December 2026. It may extend the warning, lift it, or stop supporting trading of the token.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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