Upbit, Bithumb, etc., Temporarily Suspend Sui (SUI) Based Deposit and Withdrawal Services

Source
JH Kim

Summary

  • Major domestic virtual asset exchanges such as Upbit and Bithumb announced a temporary suspension of deposit and withdrawal services due to a security incident in the Sui (SUI) network.
  • This incident occurred due to a hack at the decentralized exchange (DEX) Cetus in the Sui ecosystem, with the damage reported to exceed $200 million.
  • Currently, the price of Sui is trading at $3.9433, down 0.67% from the previous day, based on the Binance Tether market.

On the 23rd, domestic virtual asset (cryptocurrency) exchanges Upbit, Bithumb, and Coinone announced that they would temporarily suspend digital asset deposit and withdrawal services through the Sui (SUI) network due to a security incident at the Sui decentralized exchange (DEX) Cetus.

Previously, it was reported that the DEX Cetus in the Sui ecosystem had been hacked. The damage is estimated to exceed $200 million.

Meanwhile, Sui is trading at $3.9433, down 0.67% from the previous day, based on the Binance Tether (USDT) market as of 00:23 on the 23rd.

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JH Kim

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