In a crucial operational update, Upbit, one of South Korea's leading cryptocurrency exchanges, has announced a temporary halt on deposit and withdrawal services for assets on the Arbitrum One network. This maintenance is set to begin on January 8 at 3:00 PM UTC and will last until January 9, affecting five specific digital currencies. The document provides a justification for the fact that this decision is necessary to ensure the security and stability of the platform during the maintenance period.
Planned Maintenance Announcement
The exchange has stated that this planned maintenance is essential to ensure the stability and security of the network for its extensive user base. Users are advised to plan their transactions accordingly as the suspension will impact their ability to deposit or withdraw these assets during the specified timeframe.
Trading Continuity
However, trading for these digital currencies will continue uninterrupted on Upbit's internal order books, allowing users to engage in trading activities without disruption.
In a recent development, Pi Network has suspended its payment request feature to combat a rise in scams, which has resulted in significant token losses. This decision contrasts with Upbit's upcoming maintenance on the Arbitrum One network. For more details, see read more.
