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Upbit Suspends Deposits and Withdrawals for Arbitrum Assets

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by Li Weicheng

an hour ago

Upbit, one of the leading cryptocurrency exchanges, has announced a temporary halt on all deposit and withdrawal functions for assets on the Arbitrum One network. This measure is part of a scheduled maintenance aimed at enhancing the security and efficiency of its wallet system. The source notes that users will be notified once the maintenance is complete and services are restored.

Suspension of Deposits and Withdrawals

The suspension affects various cryptocurrencies, including

  • ANIME
  • ARB
  • MLK
  • BOUNTY
However, trading for these assets will continue, allowing users to buy, sell, and trade them against other pairs on the platform. This ensures that while deposits and withdrawals are paused, market activity remains unaffected.

Advisory for Users

Users are strongly advised to refrain from initiating any transfers during this maintenance period. Upbit encourages its customers to stay updated through its official channels for information regarding the resumption of services, ensuring a smooth transition once the maintenance is complete.

The recent announcement from Upbit regarding the temporary halt of deposits and withdrawals has coincided with an upcoming NFT sale that has shown minimal impact on Ethereum's market prices. For more details, see read more.

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