Upbit Freezes Taiko Deposits, Withdrawals Amid Network Woes

South Korea's largest cryptocurrency exchange, Upbit, has halted deposits and withdrawals for Taiko (TAIKO) due to an unspecified network issue.

The suspension took effect immediately after the announcement was made, with no specific timeline provided for when services will resume.

Upbit stated that the halt is a precautionary measure to ensure user assets are safe and the network remains stable.

Taiko holders on Upbit can still view their balances and trade the token on the spot market, but they cannot move funds into or out of the exchange.