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Exchange Announcement

[Upbit] Notice of Kava (KAVA) Deposit and Withdrawal Suspension Following Network Upgrade (11/20 18:00 ~)

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Exchange Announcement Bot
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  • Following the network upgrade schedule, Kava (KAVA) deposits and withdrawals are expected to be suspended from November 20, 2024.
  • This suspension is seen as a measure to reduce uncertainties like network congestion, and it will be processed sequentially afterward.
  • In this process, Upbit is closely cooperating with the project team for the safe protection of member assets, and additional matters will be announced through this notice.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

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

Due to the scheduled network upgrade of Kava (KAVA), deposit and withdrawal support will be suspended from 18:00 (KST) on November 20, 2024, until the stability of the network upgrade is confirmed (further notice will be provided through subsequent announcements).

[Kava (KAVA) Deposit and Withdrawal Suspension Notice]

  • Reason for suspension: Kava (KAVA) network upgrade

  • Target digital asset: Kava (KAVA) - Kava Network

  • Scope of suspension: Deposit and withdrawal of target digital asset

View Kava (KAVA) Network Upgrade Notice

  • Suspension period: 2024-11-20(Wed) 18:00 ~ until further notice through subsequent announcements after confirming the stability of KAVA deposits and withdrawals

[Precautions]

  • After the suspension point, deposits to the Upbit account may not be reflected, and recovery may not be possible in such cases.

  • Please be cautious and refrain from making deposits after the suspension point.

  • During the suspension period, deposit reflection for the relevant digital asset will be temporarily suspended, and after the resumption point, it will be processed sequentially.

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

  • Before or after the suspension point, deposits may occur on some blockchain networks, but during the inspection period, normal processing is not possible, and after the inspection is completed, it will be processed sequentially, so there may be delays in reflection processing on member accounts.

[Frequently Asked Questions]

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

  • Upbit plans to cooperate closely with the project team to ensure the safe protection of member assets, and in case of additional or changed matters, updates will be provided through this announcement.

We ask for your understanding and cooperation for safe deposit and withdrawal support.

Thank you.

*Please note that virtual assets are high-risk products and may result in the loss of all or part of your investment.

*This information is automatically generated.

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