[Update] Notice on Temporary Suspension of Sui Network Digital Asset Deposits and Withdrawals

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

Due to the temporary suspension of block generation on the Sui Network, deposits and withdrawals will be temporarily suspended. (Article 17, Section 1 of the Enforcement Decree of the Virtual Asset User Protection Act)

Details are as follows.

[Notice on Temporary Suspension of Sui Network Deposits and Withdrawals]

• Reason for Suspension: Temporary suspension of block generation on the Sui Network

• Target Digital Assets: Sui (SUI), Lumiwave (LWA) - Sui Network

• Scope of Suspension: Deposits and withdrawals of target digital assets

• Suspension Period: From the time of announcement registration ~ until the stability of deposits and withdrawals is confirmed, a separate notice will be provided regarding the resumption of deposit and withdrawal support.

[Precautions]

• After the suspension of deposit and withdrawal support, deposits of the relevant digital assets may not be reflected in the Upbit account, and in such cases, recovery may not be possible. Please be cautious and refrain from making deposits after the suspension of deposit and withdrawal support.

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

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

• Before or after the suspension period, deposits and withdrawals may occur on some blockchains, but due to the system processing situation, normal processing may not be possible during the inspection period, and after the inspection is completed, they will be processed sequentially, which may delay the reflection processing on the member account.

• In the case of unplanned inspections such as monthly inspections or network inspections, deposits and withdrawals may occur on some blockchains, but due to the system processing situation, normal processing may not be possible during the inspection period, and after the inspection is completed, they will be processed sequentially, which may delay the reflection processing on the member account.

• In the event of special circumstances related to the resumption of deposit and withdrawal support, we will notify you through this announcement.

[Frequently Asked Questions]

• Trading of the relevant digital assets without relation to the suspension of deposits and withdrawals will continue to be supported.

• Upbit plans to cooperate closely with the project team to ensure the safe protection of member assets, and if additional or changed matters occur, we will provide updates through 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 the investment.

*This information is automatically generated.