---
title: "South Korea’s Top Crypto Exchange Upbit Halts OSMO Transfers Amid Network Outage"
url: https://thecoingazette.com/south-koreas-top-crypto-exchange-upbit-halts-osmo-transfers-amid-network-outage/
date: 2026-11-12
modified: 2026-11-12
lang: en
author: "Coin Gazette Editorial"
description: "Upbit, South Korea's largest cryptocurrency exchange by trading volume, announced it has temporarily..."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 38
---

# South Korea’s Top Crypto Exchange Upbit Halts OSMO Transfers Amid Network Outage

Upbit, South Korea's largest cryptocurrency exchange by trading volume, announced it has temporarily suspended deposits and withdrawals of Osmosis (OSMO) on Osmosis Chain after the Cosmos-based Layer 1 blockchain stopped producing blocks. Spot trading of OSMO remains unaffected.