Upbit has officially announced a temporary halt on operations related to the ZETA token due to the upcoming Zeta Chain network upgrade. This event underscores the importance of paying attention to crypto exchange updates.
Reasons for ZETA Suspension
Upbit has announced a suspension of ZETA operations starting at 09:00 UTC on June 12. This is a temporary measure implemented to support the scheduled upgrade of the Zeta Chain network. Network upgrades are crucial for enhancing functionality and security, and exchanges must pause operations to prevent any technical issues or user fund losses.
What the Suspension Means for Upbit Users
Users holding ZETA or planning transfers need to be aware that deposit and withdrawal operations will be temporarily unavailable from 09:00 UTC on June 12. It is advisable to complete any necessary transactions before the specified time, as attempts made after this deadline may fail.
Recommendations for ZETA Users on Upbit
Users of Upbit should consider the following recommendations: * Review plans for June 12 and complete any deposits or withdrawals before 09:00 UTC. * Monitor Upbit’s official channels for updates regarding the suspension. * Understand that this suspension is a standard procedure for asset security during the network upgrade.
The temporary suspension of ZETA operations on Upbit starting June 12 at 09:00 UTC is directly related to the Zeta Chain network upgrade. This measure, while potentially inconvenient, is essential for user fund security and the overall health of the network.
