[Upbit] Notice of Temporary Suspension of KAVA Deposits and Withdrawals Due to Network Upgrade (02/25 18:00 ~)

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

Due to the upcoming KAVA network upgrade, deposits and withdrawals will be suspended from February 25, 2025 (Tuesday) 18:00 (KST) until the network upgrade stability is confirmed (to be announced later through this notice) (Article 17(1)(a) of the Enforcement Decree of the Virtual Asset Users Protection Act).

[Notice Regarding Temporary Suspension of KAVA Deposits and Withdrawals]

• Reason for suspension: KAVA network upgrade

• Target digital asset: KAVA - Kava network

• Scope of suspension: Target digital asset deposits and withdrawals

*View KAVA Network Upgrade Information

• Suspension period: February 25, 2025 (Tuesday) 18:00 ~ Resume of deposit and withdrawal support will be announced through this notice after confirming KAVA stability

[Important Notes]

• After the suspension of deposit and withdrawal support, KAVA deposits may not be reflected in your Upbit account, and in such cases, recovery may not be possible. Please be aware of this and absolutely refrain from making deposits after the suspension time.

• During the suspension period, deposit return procedures and withdrawal address registration procedures for the digital asset will be temporarily suspended and will be processed sequentially after deposit and withdrawal support resumes.

• When deposits and withdrawals are suspended, there may be delays in deposit processing due to network congestion and other reasons, and there may be differences between the confirmation 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 time, but normal processing will not be possible during the maintenance period depending on our wallet system processing status, and will be processed sequentially after verification following the end of maintenance, which may delay reflection in member accounts.

[Frequently Asked Questions]

• Trading of the digital asset will continue to be supported without interruption regardless of the deposit and withdrawal suspension.

• Upbit will closely cooperate with the project team to safely protect members' assets, and if there are any additional or changes related to this, we will update this notice.

We ask for your understanding regarding this measure to ensure safe deposit and withdrawal support.

Thank you.

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

*This information is automatically generated.