Crypto Exchange Upbit Temporarily Freezes Withdrawals Due to Suspicious Transactions
Crypto exchange Upbit recently announced that it has temporarily halted deposit and withdrawal services to investigate suspicious transactions involving Aptos (APT) within the platform. During the monitoring process, abnormal deposit attempts were detected, leading to the suspension of deposits and withdrawals for Aptos. However, after conducting a thorough review and ensuring the security of transactions, Upbit has now resumed its services and assured users that there are no issues with their Aptos transactions.
Possible Price Fluctuations and Delays in Processing Deposits
Upbit warns users that there may be rapid price fluctuations during the resumption of Aptos deposits and withdrawals. At the time of publication, APT’s price is $5.46. Additionally, users may experience delays in processing deposits due to network congestion. There could also be variations in the timing of transaction confirmations on the blockchain network and the timing of deposit reflection.
Aptos’ Recent News and Partnerships
Aptos made headlines recently after partnering with Microsoft to bring Web3 into the mainstream. This announcement caused a 15% price increase initially, but the momentum couldn’t be sustained, and the price dropped below its breakout level. Furthermore, FTX court documents suggest that APT might face further sell-offs as a bankrupt exchange plans to sell approximately $100 million worth of digital assets weekly. Additionally, Aptos Labs’ official Twitter account was hacked, with a tweet inviting followers to join an airdrop and acquire APT tokens for free on the APT network.
Hot Take: Upbit Ensures Security Amidst Investigation
Despite temporarily freezing withdrawals due to suspicious transactions, Upbit has conducted a thorough review and taken measures to address the issue. The exchange has now resumed its services, assuring users of the security of their Aptos transactions. While there may be price fluctuations and delays in processing deposits, Upbit remains committed to maintaining a secure and reliable platform for its users.
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