Upbit Temporarily Suspends WLD Deposits and Withdrawals Amid Hard Fork

Upbit Temporarily Suspends WLD Deposits and Withdrawals Amid Hard Fork

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by Mohamed Farouk

a year ago

Made with AI

Upbit, the premier cryptocurrency exchange in South Korea, has taken immediate action by suspending deposits and withdrawals for Worldcoin (WLD) due to a critical network upgrade. This decision underscores the exchange's commitment to maintaining security and operational integrity during significant technical changes. According to the results published in the material, this upgrade is expected to enhance the overall performance of the network.

Suspension of WLD Transactions

The suspension began at 10:00 AM UTC today and is a response to a major hard fork upgrade within the Worldcoin network. This upgrade necessitates enhanced security protocols and technical adjustments to ensure the network's reliability and safety. While users cannot deposit or withdraw WLD during this period, they can still trade WLD pairs, track market trends, and manage their existing assets.

Duration and Updates

The duration of the suspension remains uncertain and will be determined by the successful completion of the hard fork and subsequent stability assessments of the network. Upbit has assured its users that updates will be communicated through official channels, keeping traders informed about the situation as it develops.

On November 24, Upbit announced a temporary suspension of deposits and withdrawals for the AKT token as part of routine maintenance, contrasting with its recent action on WLD. For more details, see more.

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