Upbit issued a trading alert for Waves (WAVES) and temporarily suspended deposits.
Upbit said it saw a risk of user losses based on security incidents such as unexplained or unresolved hacks involving the asset’s wallets or the distributed ledgers used in its issuance, transfer, and custody processes. A trading alert does not, by itself, mean that trading support has ended.
The alert covers the WAVES/KRW and WAVES/BTC markets. The trading alert and deposit restriction took effect on 10 November 2026 at 14.00 TRT; the announcement said the alert period would last until the week of 7-11 December 2026.
Following its review, Upbit may lift the alert, extend it, or end trading support. The exchange said it would make a separate announcement if it extends the period or ends trading support.
Assets sent after deposit support is suspended may not be credited to users’ accounts; Upbit warned users not to make deposits during this period and noted that some transfers may not be reversible. Refunds will be temporarily put on hold until deposit support is restored, after which they will be processed in order. The date deposit support will resume will be announced later.
Upbit also reminded users that digital assets are high-risk products and that they could lose all or part of their investment.
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