Two major South Korean cryptocurrency exchanges, Upbit and Bithumb, have temporarily suspended deposit and withdrawal services for selected tokens, citing separate technical issues.
Upbit halted all RVN deposits and withdrawals after detecting a network anomaly on the Ravencoin blockchain. The exchange described the move as a proactive measure to prevent potential transaction errors or fund losses during the ongoing network instability. Trading of Ravencoin (RVN) on the platform remains unaffected, but users cannot move tokens off the exchange or deposit new RVN until the issue is resolved. No specific timeline was provided, though such suspensions typically last from a few hours to several days.
Bithumb, meanwhile, paused deposits and withdrawals for Data Network (DATA) and ARIA Protocol (ARIAIP) tokens at 2:40 p.m. UTC for scheduled wallet system maintenance. The exchange framed the action as a routine technical procedure, with no indication of a security breach. Trading for both DATA and ARIAIP continues normally.
These incidents highlight the operational dependencies of cryptocurrency trading, where network-level problems or routine exchange maintenance can temporarily restrict asset movement. While the impact on overall market liquidity is expected to be limited, traders holding RVN, DATA, or ARIAIP should monitor official exchange channels for updates and avoid attempting deposits until services resume.
