[Upbit] Notice on Suspension of SEI Deposits and Withdrawals Following Network Upgrade (Completed)

Update Date: 2024-11-15 15:34

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

The inspection for stable deposit and withdrawal services has been completed.

Details are as follows.

[Notice on Resumption of SEI Deposits and Withdrawals]

• Target Digital Asset: SEI - Sei Network

• Resumption Scope: Target Digital Asset Deposits and Withdrawals

Thank you for your patience.

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

As the Sei Network upgrade of SEI is scheduled to proceed, deposit and withdrawal support will be suspended from 2024.11.14 (Thu) 18:00 (KST) until the confirmation of network stability is completed (expected to be announced through a subsequent official announcement) (Article 17, Clause 1 of the Virtual Asset User Protection Act).

[Notice on Suspension of SEI Deposits and Withdrawals]

• Reason for Suspension: SEI Sei Network Upgrade

• Target Digital Asset: SEI - Sei Network

• Suspension Scope: Target Digital Asset Deposits and Withdrawals

*View Notice on SEI Sei Network Upgrade

• Suspension Period: 2024-11-14 (Thu) 18:00 ~ After confirmation of SEI deposit stability, expected to be announced through a subsequent official announcement

[Precautions]

• After the suspension point of deposit and withdrawal support, deposits to SEI accounts may not be reflected in Upbit accounts, and recovery may not be possible in such cases.

• Please be cautious and refrain from making deposits after the suspension point of deposit and withdrawal support.

• During the suspension period, deposit returns for the relevant digital asset will be temporarily suspended, and after the resumption point of deposit and withdrawal support, they will be processed sequentially.

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

• Deposits may occur on some blockchain networks before or after the suspension point, but during the inspection period, normal processing is not possible, and after the inspection is completed, they will be processed sequentially, so reflection in member accounts may be delayed.

[Frequently Asked Questions]

• Trading of the relevant digital asset will continue without suspension, regardless of the suspension of deposits and withdrawals.

• Upbit plans to closely cooperate with the project team to ensure the safe protection of member assets, and if any additional or changed matters arise, we will provide updates in this announcement.

We ask for your understanding and cooperation 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 information is automatically generated.