Waves Rolls Back Network as Upbit and Bithumb Flag WAVES as Caution Token

November 10: According to official announcements, South Korean crypto exchanges Upbit and Bithumb have designated WAVES as a trading caution token, citing security incidents such as hacks whose cause has not been identified or that have not yet been fixed in the WAVES wallet or distributed ledger. WAVES deposits and withdrawals are currently suspended. Bithumb said it will announce between December 7 and 11 its decision to extend or lift the designation, or to terminate trading support.

Previously, Waves posted on X that on November 9 a third party generated blocks with abnormally high fees on the Waves network, causing multiple addresses to be incorrectly credited with WAVES that did not actually exist. Waves has rolled the network back to block height 5481020 and released a fixed version, v1.6.5, requiring all nodes to upgrade and roll back manually. Transactions initiated between 07:55 and approximately 18:16 (Beijing time) on November 9 may be affected.