Upbit Halts Ethereum Transactions; Cloudflare Outage Hits Crypto

Upbit will suspend Ethereum network deposits and withdrawals on December 9 for a major hard fork. Cloudflare's outage on December 5 disrupted major crypto platforms, including Coinbase and Kraken.

Upbit, a major cryptocurrency exchange in South Korea, will temporarily suspend all deposits and withdrawals for tokens on the Ethereum network due to an upcoming Ethereum hard fork. The suspension, affecting tokens such as ETH and USDT (ERC-20), will start at 12:00 p.m. UTC on December 9. This measure is a standard safety procedure to ensure a secure transition during the network upgrade, which introduces new rules and improvements that are not backward-compatible. Users are advised to complete necessary transactions before the deadline and monitor Upbit's official channels for updates. Trading of Ethereum and ERC-20 tokens will remain available during the suspension period. In other news, Cloudflare experienced control panel and API issues on December 5, 2025, causing outages for services like Canva, QuillBot, DownDetector, and several cryptocurrency platforms including Coinbase and Kraken. The outage prevented users from accessing services and managing their platforms. Cloudflare has implemented a fix and is monitoring the situation. This incident highlights the dependence of online services on infrastructure providers like Cloudflare, with outages having widespread effects across unrelated platforms.