CARV

Lisk

Giant

Plian

One of South Korea’s leading crypto exchanges, Upbit, recently announced the temporary suspension of deposits and withdrawals for Lisk (LSK), Brett (BRETT), and CARV due to node synchronization issues. Additionally, Upbit has decided to end support for Plian (PI), marking a significant change for the platform’s users. The exchange confirmed that transactions for these assets will resume once system stability is ensured. 
<a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-51679 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Qubetics-is-728x90-1-3.jpg" alt="South Korean Giant Upbit Halts Transactions for Three Altcoins, Delists Another = The Bit Journal" width="728" height="90" title="South Korean Giant Upbit Halts Transactions for Three Altcoins, Delists Another 43"></a> 
<h2 id="upbit-s-announcement-raises-concerns-among-users">Upbit’s Announcement Raises Concerns Among Users</h2> 
On November 2, Upbit disclosed that, due to technical difficulties, it had to pause deposits and withdrawals for Lisk, Brett, and CARV. The exchange also revealed it would no longer support trading for Plian (PI), and withdrawal services for this altcoin would be phased out. Upbit stated that transactions would resume after confirming the stability of the affected networks. 
<h2 id="price-impacts-and-market-reactions">Price Impacts and Market Reactions</h2> 
Currently, Lisk is trading at $0.76, experiencing a 0.5% drop in the past 24 hours, with a daily high of $0.789. Brett, a meme coin, trades around $0.086 and saw a 3.92% decline over the past day, having reached $0.93 earlier. CARV currently sits at $0.72, showing a minor 0.45% gain. Meanwhile, Plian (PI), following Upbit’s withdrawal halt, dropped 10% to $0.00050, reflecting the impact of the delisting announcement. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-65814" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/cryptocurrency-exchange-theme-focusing-on-the-South-Korean-exchange-Upbit.-The-image-features-digital-symbols-for-Lisk-LSK.webp" alt="South Korean Giant Upbit Halts Transactions for Three Altcoins, Delists Another = The Bit Journal" width="1792" height="1024" title="South Korean Giant Upbit Halts Transactions for Three Altcoins, Delists Another 44"> 
<h2 id="upbit-s-role-in-the-crypto-market">Upbit’s Role in the Crypto Market</h2> 
Upbit’s recent moves highlight the platform’s importance in the <a href="https://thebitjournal.com/shocking-development-avail-coin-under-scrutiny-in-south-korean-parliament-amid-pump-dump-allegations/" target="_blank" rel="noopener">South Korean</a> crypto market. Since its launch in 2017, Upbit has become one of the region’s most popular exchanges. Partnering with U.S.-based Bittrex in 2017 fueled its rapid growth, allowing Upbit to attract a global user base. However, Upbit has also faced challenges. In 2018, the exchange’s headquarters were raided amid a fraud investigation, leading to charges against three Upbit officials. This episode marked a turning point, pushing Upbit to strengthen its security protocols. 
As one of the most active exchanges globally, Upbit’s listing and delisting decisions can significantly impact altcoin prices, often leading to sharp increases for listed tokens and steep declines for those delisted. 
<ul> 
 <li><a href="https://twitter.com/Thebitjournal_" target="_blank" rel="noopener nofollow">https://twitter.com/Thebitjournal_</a></li> 
 <li><a href="https://www.linkedin.com/company/the-bit-journal/" target="_blank" rel="noopener nofollow">https://www.linkedin.com/company/the-bit-journal/</a></li> 
 <li><a href="https://t.me/thebitjournal" target="_blank" rel="noopener nofollow">https://t.me/thebitjournal</a></li> 
</ul> 
Follow us on Twitter and LinkedIn and join our Telegram channel to be instantly informed about&nbsp;breaking&nbsp;news!

South Korean Giant Upbit Halts Transactions for Three Altcoins, Delists Another

Table of Contents

The Bit Journal

Other articles published on Nov 2, 2024

XRP Crucial Candlestick Pattern: Reversal Incoming? Can Bitcoin (BTC) Regain $70,000 Momentum? Et...

BlockDAG’s 100% Bonus Triggers $110M Presale Explosion! Solana’s Plan for $200? Plus, Chainlink's...

EXPERIENCE THE POWER OF AGATECH

Top 4 Altcoins That Could Turn $500 Into $500K by December — Start Small, Dream Big!

Financial Pros and Newcomers Gather at Davao Traders Fair 2024 for Interactive Learning and Conne...

These 2 Crypto Investors Each Made $1.4 Million from a $664 Shiba Inu (SHIB) Investment in 2021, ...

Join our free newsletter for daily crypto updates!