The South Korean crypto exchange suspended deposits and withdrawals for IoTeX, stating only withdrawals will resume later, according to its February 23 announcement.
Upbit, one of South Korea’s leading cryptocurrency exchanges, designated IoTeX (IOTX) as a trading warning project on February 23. The exchange has halted both deposit and withdrawal services, citing the need for further review. According to Upbit’s official notice, only withdrawal channels will reopen later, while no timeline for reinstating full trading has been announced. Such warnings typically precede potential delistings if identified issues remain unresolved, reflecting ongoing efforts by exchanges to mitigate investor risk and maintain regulatory compliance.