Bithumb has remained silent regarding the suspension of REI Network deposits and withdrawals, leaving users uncertain.
Bithumb's Ongoing Silence on REI Network's Future
Bithumb has stayed quiet on the suspension of REI Network transactions, creating uncertainty among users. Meanwhile, Upbit has announced network issues, citing a halt in block generation and network upgrades.
The issue with the REI Network primarily involves South Korean exchanges. While 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 confirmation from Bithumb, the market impact remains understated for now. Speculation persists among investors regarding 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 the security issues with ZKSync, 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.
Bithumb's silence regarding the temporary suspension of REI Network operations leaves users in the dark, while speculation and concern in the market continue. The need for a technological upgrade underscores the importance of a proactive approach to ensuring network stability.
