# Upbit, Bithumb Flag Waves (WAVES) as Investment Warning

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/53874
Published: 2026-11-11T11:23:01.000Z
Updated: 2026-11-11T11:23:01.000Z
Section: Investing

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

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.