$REI $XRP $BNB Disruptions in REI Deposits and Withdrawals on Upbit Will Be Resolved Soon

The Rei Network (REI) team is actively working to resolve the network issue that caused a halt in block production. As a result of this disruption, Upbit has temporarily suspended REI token deposits and withdrawals.

According to Upbit’s official announcement, the suspension was necessary because when block production is paused, new transactions cannot be validated, which poses a security risk.

The issue appears to have occurred during a network upgrade and hard fork process initiated by the Rei team.

Upbit has stated that deposits and withdrawals will resume once the network stabilizes and block production returns to normal.

It's important to note that spot trading of REI is still active, meaning users can continue to buy and sell REI within the Upbit platform.

✅ What should you do?

Keep an eye on official announcements from Rei Network and Upbit.

Avoid initiating deposit or withdrawal transactions for REI until the network issue is resolved.

You can continue trading REI on the spot market without any issues.

In summary: Yes, the Rei Network team is working to resolve the issue, and Upbit has paused deposits and withdrawals as a precaution. Services will be restored as soon as the network returns to normal operation.#bullish #ath #NewWorldMoney #solana