Bithumb, the South Korean exchange, has suspended the deposit and withdrawal services for ALEX and STX

according to the official announcement, Bithumb has confirmed that the ALEX project has potential security issues and has suspended the deposit and withdrawal services for ALEX and STX tokens. The announcement pointed out that the price of ALEX tokens may experience abnormal fluctuations, and it is recommended that investors operate with caution.

Member exchanges of the Digital Asset Exchange Association (DAXA) in South Korea will collaboratively monitor market conditions and take unified measures to protect investors' rights when necessary. The exchange stated that it will announce the resumption of services after the network stability is restored.