South Korean Altcoin Surge Follows Upbit Withdrawal Halt

The recent withdrawal halt on Upbit, a major South Korean cryptocurrency exchange, has triggered a surge in the prices of altcoins, particularly among retail investors. This unusual price spike was primarily driven by arbitrage bot suspensions after hackers exploited vulnerabilities at the platform, leading to temporary liquidity imbalances. The incident demonstrates the potential impact of these disruptions on market dynamics, offering an unexpected opportunity for retail traders. )