[Upbit] Notice of Temporary Suspension of Sei (SEI) Deposits and Withdrawals Due to Network Upgrade (01/15 10:00~)

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

Due to the upcoming network upgrade of Sei (SEI), deposit and withdrawal support will be suspended from 2025.01.15 10:00 (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 A).

[Notice Regarding Temporary Suspension of Sei (SEI) Deposits and Withdrawals]

• Reason for Suspension: Sei (SEI) Network Upgrade

• Target Digital Asset: Sei (SEI) - Sei Network

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

*[View Details on Sei (SEI) Network Upgrade](https://www.mintscan.io/sei/proposals/91)

• Suspension Period: 2025-01-15 (Wed) 10:00 \~ Until the stability of SEI deposits and withdrawals is confirmed, further notice will be provided through this announcement

[Important Notes]

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

• Please be cautious and do not deposit after the suspension point.

• During the suspension period, the deposit return process 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 completion time of the transaction confirmation 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 continue to be supported without interruption regardless of the deposit and withdrawal suspension.

• Upbit plans to closely cooperate with the project team to ensure the safe protection of your assets, and if there are any additional or changes, we will update 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 that can result in the loss of all or part of your investment.

*This information is automatically generated.