[Upbit] Notice on Temporary Suspension of ChainBounty (BOUNTY) Deposits and Withdrawals Due to Project Issues and Investment Caution (Completed)

> Update Date: 2024-12-27 16:00

The security vulnerability related to the ChainBounty (BOUNTY) token migration has been addressed, and deposit and withdrawal services have resumed.

Please refer to the announcements made by ChainBounty regarding the security vulnerability measures taken by the project.

• [Direct Link to ChainBounty (BOUNTY) Migration Security Enhancement Notice](https://x.com/ChainBountyX/status/1871430942361043161)

[Notice on Resumption of BOUNTY Deposits and Withdrawals]

• Target Digital Asset: ChainBounty (BOUNTY) - Arbitrum One Network

• Resumption Scope: Deposit and withdrawal 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 identification of certain security vulnerabilities related to the ChainBounty (BOUNTY) token migration, deposits and withdrawals will be temporarily suspended.

Upbit will continue to monitor the situation closely, and we advise our members to be cautious of the increased price volatility of ChainBounty (BOUNTY). (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 2, Subparagraph B)

The detailed information is as follows.

[Notice on Temporary Suspension of ChainBounty (BOUNTY) Deposits and Withdrawals]

• Reason for Suspension:

• Upbit has identified security vulnerabilities in the API related to the ChainBounty (BOUNTY) migration and will review the severity of these vulnerabilities. As a measure to protect member assets, deposits and withdrawals of ChainBounty (BOUNTY) will be temporarily suspended until the security vulnerability issues are resolved.

• Target Digital Asset: ChainBounty (BOUNTY) - Arbitrum One Network

• Suspension Scope: Deposit and withdrawal of the target digital asset

• Suspension Period: From the time of announcement registration \~ Until the stability of BOUNTY deposit and withdrawal support is confirmed, and a resumption notice is provided through an announcement

[Precautions]

• After the suspension of deposit and withdrawal support, deposits of BOUNTY may not be reflected in the Upbit account, and recovery may not be possible if such cases occur.

• Please be cautious and do not make deposits after the suspension of deposit and withdrawal support.

• During the suspension period, the deposit return process for the digital asset will be temporarily halted, 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 status, and processing may be delayed in reflecting on member accounts as it will be processed sequentially after the inspection is completed.

[Frequently Asked Questions]

• Trading of the digital asset is supported without interruption, regardless of the suspension of deposits and withdrawals.

• Upbit will closely cooperate with the project team to ensure the safe protection of member assets, and if additional or changes occur, we will provide further guidance.

• We ask for your understanding as these measures are for safe deposits and withdrawals and the protection of member assets.

Thank you.

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

*This is automatically generated information.