[Upbit] Notice of Temporary Suspension of ELF Deposits and Withdrawals Due to Network Upgrade (Schedule Cancellation Notice)

Update Date: 2024-12-24 14:15

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

The ELF network upgrade schedule has been postponed, and the previously announced plan to temporarily suspend deposits and withdrawals has been canceled.

Please refer to the link below for more details.

• Notice of ELF Network Upgrade Postponement

Thank you.

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

The ELF network upgrade is scheduled to take place, and from 2024.12.24 (Tue) 22:00 (KST) until the stability of the network upgrade is confirmed (to be announced through this notice later), support for deposits and withdrawals will be suspended (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph A).

[Notice Related to ELF Network Upgrade]

• View Notice Related to ELF Network Upgrade

[Time of Deposit and Withdrawal Suspension]

• 2024-12-24 (Tue) 22:00 KST ~ Until the stability of the ELF network upgrade is confirmed, the resumption of deposit and withdrawal support will be announced through this notice.

[Time of Resumption of Deposit and Withdrawal Support]

• Once the ELF network upgrade is completed and stability is confirmed, deposit and withdrawal support will be resumed.

• The time of resumption of ELF deposit and withdrawal support will be updated through this notice.

*If any special circumstances arise regarding the resumption of deposit and withdrawal support, we will inform you through this notice.

[Precautions]

• If you deposit ELF after the time of deposit and withdrawal suspension, it may not be reflected in your Upbit account, and in such cases, recovery may not be possible.

• Please be aware of this and do not deposit after the time of deposit and withdrawal suspension.

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

• If a suspension of deposit and withdrawal occurs, there may be delays in deposit processing due to reasons such as network congestion, and there may be a difference between the time of confirmation of the transaction on the blockchain network and the time of deposit reflection.

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

[Frequently Asked Questions]

• ELF deposits and withdrawals will be temporarily suspended, but ELF trading will be supported without interruption.

• Upbit plans to closely cooperate with the ELF team to safely protect your assets, and if there are any additional or changes, we will provide updates through 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.