[Upbit] Notice of Temporary Suspension of MultiversX (EGLD) Deposits and Withdrawals Due to Network Upgrade (02/04 18:00 ~)

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

Due to the upcoming network upgrade of MultiversX (EGLD), support for deposits and withdrawals will be suspended from 2025-02-04 18:00 (KST) until the stability of the network upgrade is confirmed (to be announced later through this notice) (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Item A).

[Notice Regarding EGLD Network Upgrade]

• [View Notice Regarding EGLD Network Upgrade](https://github.com/multiversx/mx-chain-mainnet-config/releases/tag/v1.8.9.0)

[Suspension Period for Deposit and Withdrawal Support]

• 2025-02-04 (Tue) 18:00 (KST) \~ Until the stability of the EGLD network upgrade is confirmed, a notice will be provided to resume deposit and withdrawal support.

[Resumption of Deposit and Withdrawal Support]

• We will resume deposit and withdrawal support once the stability of the EGLD network upgrade is confirmed.

• The timing for the resumption of EGLD 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 EGLD after the suspension period, it may not be reflected in your Upbit account, and recovery may not be possible in such cases.

• Please be aware of this and do not make any deposits after the suspension period.

• During the suspension period, the refund process 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, delays in deposit processing may occur 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 your account.

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

[Frequently Asked Questions]

• Although EGLD deposits and withdrawals are temporarily suspended, EGLD trading will continue to be supported without interruption.

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

We ask for your understanding as this is a measure to ensure 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.