[Upbit] Notice of Temporary Suspension of Avalanche (AVAX) Deposits and Withdrawals Due to Network Upgrade (12/16 18:00 ~)

Hello. This is Upbit, the most trusted global standard digital asset exchange.

Due to the upcoming network upgrade of Avalanche (AVAX), deposits and withdrawals will be suspended from 18:00 (KST) on December 16, 2024 (Monday) until the stability of the network upgrade is confirmed (further notice will be provided through this announcement).

[Notice on Temporary Suspension of Avalanche (AVAX) Deposits and Withdrawals]

• Reason for suspension: Avalanche (AVAX) network upgrade

• Target digital asset: Avalanche (AVAX) - Avalanche C-Chain network

• Scope of suspension: Deposits and withdrawals of the target digital asset

*See details on Avalanche (AVAX) network upgrade

• Suspension period: 2024-12-16 (Monday) 18:00 ~ Notification of resumption of deposit and withdrawal support will be provided through this announcement after confirming the stability of Avalanche (AVAX) deposits and withdrawals

[Precautions]

• If AVAX is deposited after the suspension point, it may not be reflected in your Upbit account, and recovery may not be possible in such cases. Please be careful not to deposit after the suspension point.

• During the suspension period, the deposit return procedure for the digital asset will be temporarily suspended, and will be processed sequentially after the resumption of deposit and withdrawal support.

• In the event of a suspension, there may be delays in deposit processing due to network congestion, and there may be a difference between the confirmation time of the transaction on the blockchain network and the time it is reflected in the deposit.

• Deposits and withdrawals may occur on some blockchain networks before or after the suspension point, but normal processing is not possible during the inspection period according to our wallet system processing situation, and it will be processed sequentially after the inspection is completed, so there may be a delay in reflecting it in the member account.

[Frequently Asked Questions]

• Trading of the digital asset will be supported without interruption regardless of the suspension of deposits and withdrawals.

• Upbit will closely cooperate with the Avalanche team to safely protect your assets, and if there are any additional or changes, we will update this notice.

We ask for your understanding as this is a measure for safe deposit and withdrawal support.

Thank you.

※ Virtual assets are high-risk products and may result in the loss of all or part of your investment.

*This information is automatically generated.