[Upbit] Notice of Temporary Suspension of ELF Deposits and Withdrawals Due to Network Upgrade (01/14 22:00 ~)

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

Due to the upcoming network upgrade of ELF, deposits and withdrawals will be suspended from 2025.01.14 22:00 (KST) until the stability of the network upgrade is confirmed (further notice will be provided through this announcement) (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph 1).

[Notice Regarding ELF Network Upgrade]

• [View Notice Regarding ELF Network Upgrade](https://blog.aelf.com/posts/aelf-reschedules-upgrade-v1120)

[Suspension of Deposit and Withdrawal Support]

• 2025-01-14 (Tue) 22:00 KST \~ Until the stability of the ELF network upgrade is confirmed, further notice will be provided through this announcement regarding the resumption of deposit and withdrawal support.

[Resumption of Deposit and Withdrawal Support]

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

• The timing for the resumption of ELF deposit and withdrawal support will be updated through this announcement.

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

[Precautions]

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

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

• During the suspension period, the return procedure for deposits of the relevant 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 time of transaction confirmation on the blockchain network and the time of deposit reflection.

• 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 it will be processed sequentially after the inspection is completed, so there may be delays in reflecting it in your member account.

[Frequently Asked Questions]

• ELF deposits and withdrawals are temporarily suspended, but ELF trading is supported without interruption.

• Upbit plans to closely cooperate with the ELF team to ensure the safe protection of your assets, and if any additional or changes occur, we will provide further updates through this announcement.

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.