Upbit Announces Temporary Suspension of 0G Transactions

Upbit Announces Temporary Suspension of 0G Transactions

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by Leo van der Veen

a year ago

Made with AI

Upbit, one of the leading cryptocurrency exchanges, has announced a temporary halt on deposits and withdrawals for ZeroGravity (0G) tokens. This decision comes in light of an impending network upgrade aimed at enhancing the platform's infrastructure. The source reports that users will be notified once the services resume.

Suspension of Services

The suspension is crucial to ensure that all systems are synchronized with the new network specifications as Upbit prepares for a significant hard fork. During this period, traders will still be able to engage in spot trading of 0G tokens, but they will not have the ability to transfer their assets in or out of the exchange.

Commitment to Updates

Upbit has committed to providing timely updates regarding the resumption of deposits and withdrawals once the network's stability is confirmed.

In a recent development, a federal judge has frozen assets related to the LIBRA token amid ongoing investigations, contrasting with Upbit's temporary halt on 0G token transactions. For more details, see this article.

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