Upbit, Bithumb Flag Waves (WAVES) as Investment Warning

Enna Lee

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Upbit, Bithumb Flag Waves (WAVES) as Investment Warning

The South Korean exchanges suspended WAVES deposits and withdrawals on Nov. 10.

By Enna Lee

Published Nov 11, 2026, 6:23 AM EST

A metal token sits behind a closed brushed-steel transfer slot / TokenPost.ai

Upbit and Bithumb designated Waves (WAVES) an investment warning asset on Nov. 10 and suspended deposits and withdrawals for the token on both South Korean exchanges.

Upbit is South Korea's largest cryptocurrency exchange, and Bithumb is the country's second-largest.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.