[Upbit] Notice of Temporary Suspension of Avalanche (AVAX) Deposits and Withdrawals Due to Network Upgrade (Completed)

Update Date: 2024-12-18 18:42

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

The inspection for stable deposit and withdrawal service support has been completed.

The related details are as follows.

[Notice on Resumption of AVAX Deposits and Withdrawals]

• Target Digital Asset: Avalanche (AVAX) - Avalanche C-Chain Network

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

Thank you for your patience.

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

Due to the upcoming network upgrade of Avalanche (AVAX), support for deposits and withdrawals will be suspended from 2024.12.16 (Mon) 18:00 (KST) until the stability of the network upgrade is confirmed (to be announced through this notice later) (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph A).

[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

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

*View Notice on Avalanche (AVAX) Network Upgrade

• Suspension Period: 2024-12-16 (Mon) 18:00 ~ Until the stability of AVAX deposits and withdrawals is confirmed, resumption will be announced through this notice

[Precautions]

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

• 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 case of 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 the reflection processing on the member account may be delayed.

[Frequently Asked Questions]

• Regardless of the suspension of deposits and withdrawals, trading of the digital asset will continue to be supported.

• Upbit plans to 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 that can result in the loss of all or part of your investment.

*This information is automatically generated.