Upbit Suspends Ethereum Transactions Ahead of Major Hard Fork

Upbit Suspends Ethereum Transactions Ahead of Major Hard Fork

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by Jesper Sørensen

a year ago

Made with AI

Upbit, the largest cryptocurrency exchange in South Korea, is taking precautionary measures ahead of a major Ethereum network upgrade. According to the official information, the exchange has announced a temporary halt on all deposits and withdrawals for Ethereum-based assets, effective December 3rd at 7:00 PM UTC.

Upbit Suspends Services for Upcoming Hard Fork

This suspension is part of Upbit's standard safety protocol aimed at safeguarding user funds during the upcoming hard fork. The exchange has urged its users to finalize any pending transactions before the deadline to avoid disruptions.

Updates and User Communication

Additionally, Upbit will provide updates through official channels regarding the resumption of services, ensuring that users are kept informed throughout the process.

Bithumb has announced a temporary suspension of Siacoin transactions for a network upgrade, which will take effect on December 2nd at 7:00 AM UTC. This measure contrasts with Upbit's recent decision to halt Ethereum-based asset transactions ahead of a major upgrade. For more details, see read more.

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