Bithumb Remains Silent on REI Suspension Amidst Upbit Actions

Despite continued speculation, Bithumb has not released any official statements regarding the suspension of REI Network deposits and withdrawals, unlike Upbit which has addressed issues involving REI Network.

This silence from Bithumb has caused market participants to focus on Upbit’s actions, highlighting potential concerns about the stability of the REI Network.

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Bithumb’s Ongoing Silence on REI Network’s Future

Bithumb has remained silent on suspending REI Network transactions, creating uncertainty among users. Recently, Upbit addressed network issues, citing a network upgrade and block generation halt as reasons for action.

The issue with REI Network primarily involves South Korean exchanges. Although Upbit announced a suspension, Bithumb has yet to provide an official update. Leadership from REI Network has not commented on Bithumb’s position.

Market Speculation Rises Without Bithumb’s Statement

Without Bithumb’s confirmation, the market impact remains understated for now. Speculation persists among investors about potential suspensions and network stability, focusing on Upbit’s handling of REI issues.

Financial analysts suggest that if similarities with past events occur, market volatility could follow. Historical contexts, such as ZKSync security issues, provide precedents for potential regulatory responses.

Parallels with Past Network Interruptions

Past network interruptions, like those seen with STX and REI, resulted in temporary suspensions. These were typically resolved post-upgrade, indicating potential short-lived disruptions if addressed similarly.

Experts from Kanalcoin suggest immediate technology upgrades could stabilize operations. A history of successful resolutions in similar incidents highlights optimism for quick recovery, pending timely disclosures.

“No relevant quotes from key industry figures or experts were found regarding Bithumb’s handling of REI deposits and withdrawals.”

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