Upbit, the largest cryptocurrency exchange in South Korea, is set to temporarily halt deposits and withdrawals as part of its scheduled maintenance around the New Year. This move aims to ensure the integrity and security of user assets during the transition into 2024. The publication provides the following information:
Maintenance Schedule
The maintenance period will commence at 11:00 AM UTC on December 31st and will conclude at 11:00 PM UTC the same day. Notably, the core maintenance activities will occur between 5:00 PM and 11:00 PM UTC, during which users will be unable to access their funds.
Importance of Routine Audit
This routine audit is crucial for Upbit to maintain accurate accounting of user assets, thereby enhancing transparency and fostering trust within its user community. The exchange has urged users to plan their transactions accordingly to avoid any inconvenience during this maintenance window.
Bybit has recently announced significant changes for its Japanese users, including a compliance deadline for account access amid increasing regulatory scrutiny. This development contrasts with Upbit's scheduled maintenance for the New Year. For more details, see read more.
