Prominent cryptocurrency exchange Upbit has announced a temporary suspension of SEI operations due to an upcoming network upgrade. This article discusses the reasons behind this decision and provides recommendations for users.
Reasons for SEI Suspension on Upbit
Upbit will temporarily suspend SEI deposits and withdrawals on June 20 at 09:00 UTC due to the necessary SEI network upgrade. Such measures are often required to enhance the blockchain's security and performance.
Recommendations for SEI Holders
Users holding SEI on Upbit are advised to complete any necessary operations before the mentioned time. It is also important to stay updated with the platform's official announcements regarding the resumption of services.
Resumption of Upbit SEI Services
After the network upgrade is completed, Upbit will notify users about the resumption of SEI operations. Monitoring updates is crucial as the resumption timing will depend on the successful transition to the upgraded network.
The suspension of SEI operations on Upbit is a temporary measure aimed at safeguarding user assets during the network upgrade. Users should prepare in advance and stay informed through the exchange's updates.
