Two of South Korea’s largest cryptocurrency exchanges, Bithumb and Upbit, have temporarily suspended deposits and withdrawals for MANTRA (OM), citing an unspecified network issue.
Bithumb said its halt took effect at 11:59 p.m. UTC on the day prior to the announcement, while Upbit said its suspension began immediately upon notice. Neither exchange provided specific details about the nature of the network problem nor an estimated timeline for restoring services. Spot trading for OM remains unaffected on both platforms, according to the notices.
The suspensions affect users seeking to move MANTRA tokens in or out of the two exchanges. Both platforms advised traders to avoid attempting deposits or withdrawals until official updates are issued, warning that such attempts could result in failed or delayed transactions. The exchanges characterized the pauses as precautionary measures to protect user funds and prevent erroneous transfers during technical uncertainty.
MANTRA is a blockchain platform focused on tokenized real-world assets, and its native token OM has drawn significant trading volume on South Korean exchanges. The simultaneous halts at Bithumb and Upbit could temporarily reduce local liquidity and contribute to price volatility for OM, although users holding funds on other exchanges or in self-custody wallets are not directly affected.
Both exchanges have previously halted token transfers during network upgrades, hard forks, or unexpected instability, with most such suspensions resolved within hours or a few days. For now, traders are encouraged to monitor official exchange announcements and check MANTRA network status independently.
