Upbit, a leading South Korean cryptocurrency exchange, announced the temporary suspension of REI Network token deposits and withdrawals on May 20-21, 2025, citing network issues.
The suspension aims to protect user assets while technical problems are resolved. Although deposits and withdrawals are paused, REI trading remains unaffected, minimizing immediate market disruptions.
Upbit Suspends REI Network Services to Prevent Losses
Upbit, a major exchange in South Korea, temporarily suspended REI Network token services. This decision is a precautionary measure in response to reported network issues. Timely intervention prevents potential losses.
Upbit announced the suspension through an official channel. The REI Network’s underlying technical issues prompted this decision. No public statements are available from REI Network executives on the suspension.
Trading Unaffected Despite Restricted REI Token Movements
The immediate impact includes restricted mobility of REI tokens. Users cannot initiate deposits or withdrawals but trading activities remain unaffected, ensuring continued market activity.
Historical data shows such suspensions are customary. Market trends indicate minimal price impact on REI tokens, underscoring the robustness of trading mechanisms.
Past Exchange Halts Indicate Swift Resolution for REI
Similar suspensions, like the May 2025 SUI service halt, showcase exchange protocols during disruptions. Such measures aim to protect investor interests and maintain market stability.
Kanalcoin experts highlight that temporary suspensions are routine safeguards. Historical precedents suggest swift resolutions. Based on trends and data, REI is expected to recover smoothly once services resume.
We have implemented a temporary suspension of deposit and withdrawal services for REI Network to protect user assets while we address the underlying technical problems.
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