Upbit has announced a temporary suspension of STRK withdrawals. This decision is linked to a block generation delay on the Starknet network and affects users.
Reasons for STRK Withdrawal Suspension
Upbit officially stated that the temporary halt on STRK withdrawals is due to a delay in block generation for the Starknet network. This means the underlying blockchain is experiencing a slowdown in processing new blocks of transactions.
Understanding Starknet Block Generation Delays
Block generation is the process by which new sets of transactions are added to a blockchain. For Starknet, like other networks, this process is continuous and essential for its functionality. Delays can arise from various technical factors, including network congestion and unexpected software issues.
Impact on STRK Holders and Steps During Suspension
The most immediate effect for Upbit users is the inability to initiate STRK withdrawals from their accounts. While trading of STRK on Upbit may still be active, moving your tokens off the platform is currently on hold. It's advisable to stay updated and take necessary precautions.
The suspension of STRK withdrawals by Upbit is a response to a Starknet block generation delay. While inconvenient for users, it is a protective measure to ensure the integrity of transactions and the security of funds.
