[Upbit] Notice on Temporary Suspension of Tether (USDT) Withdrawals on Tron Network Due to Increased Wallet System Processing (Completed)

Update Date: 2025-02-03 22:29

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

The inspection for stable deposit and withdrawal service support has been completed.

The detailed information is as follows.

[Tether (USDT) Withdrawal Resumption Notice]

• Target Digital Asset: Tether (USDT) - Tron Network

• Resumption Scope: 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 a wallet system processing issue with Tether (USDT), withdrawals through the Tron network are temporarily suspended. (Article 17, Paragraph 1, Subparagraph 1 of the Enforcement Decree of the Virtual Asset User Protection Act)

Withdrawal requests will be processed sequentially, and if additional measures occur, we will inform you through announcements.

*Withdrawal services through the Ethereum network are available as usual.

For existing withdrawal requests, they may be processed sequentially depending on the wallet system processing situation.

The detailed information is as follows.

[Notice on Temporary Suspension of Tether (USDT) Withdrawals]

• Reason for Withdrawal Suspension: Delay in wallet system processing due to increased withdrawal volume through the Tron network

• Target Digital Asset: Tether (USDT) - Tron Network

• Impact Scope: Withdrawal of the target digital asset

[Precautions]

• After the suspension of withdrawal support, deposits of the digital asset may not be reflected in the Upbit account, and in such cases, recovery may not be possible. Please be careful not to deposit after the suspension of deposit and withdrawal support.

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

• In case of deposit and withdrawal suspension, there may be delays in deposit processing due to network congestion, and there may be a difference between the confirmation completion time of transactions on the blockchain network and the deposit reflection time.

• 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 depending on our wallet system processing situation, and processing may be delayed as it will be processed sequentially after the inspection is completed.

• In the case of unscheduled inspections such as wallet inspection and network inspection, deposits and withdrawals may occur on some blockchain networks before or after the announcement, but normal processing is not possible during the inspection period depending on our wallet system processing situation, and processing may be delayed as it will be processed sequentially after the inspection is completed.

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

[Frequently Asked Questions]

• Trading of the digital asset is supported without interruption regardless of the 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 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 and may result in the loss of all or part of your investment.

*This is automatically generated information.