[Update] Network Issue Leads to Temporary Suspension of Sui Network Digital Asset Deposits and Withdrawals (Completed)

Update Date: 2024-11-22 11:20

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

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

Details are as follows.

[Notice on Resumption of Sui (SUI), Lumiwave (LWA) Deposits and Withdrawals]

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

• Resumption Scope: Target digital asset deposits and withdrawals

Thank you for waiting.

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

Due to the suspension of block generation in the Sui Network, deposits and withdrawals are temporarily suspended. (Article 17, Clause 1 of the Virtual Asset Utilization Protection Act)

Details are as follows.

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

• Reason for Suspension: Suspension of block generation in Sui Network

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

• Suspension Scope: Target digital asset deposits and withdrawals

• Suspension Period: From the time of announcement registration ~ After confirming deposit and withdrawal stability, a separate announcement will be made regarding the resumption of deposit and withdrawal support

[Precautions]

• After the suspension time, 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 depositing after the suspension time.

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

• In case of suspension, delays in deposit processing may occur due to network congestion, and there may be a time difference between the completion of the block confirmation and the reflection time in the Upbit account.

• Deposits and withdrawals may occur in some blockchains before or after the suspension time, but due to the system processing status, normal processing may not be possible during the inspection period, and after the inspection is completed, they will be processed sequentially, so reflection processing in the member account may be delayed.

• In case of unexpected inspections such as monthly inspections or network inspections, deposits and withdrawals may occur in some blockchains before or after the announcement, but due to the system processing status, normal processing may not be possible during the inspection period, and after the inspection is completed, they will be processed sequentially, so reflection processing in the member account may be delayed.

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

[Frequently Asked Questions]

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

• Upbit plans to closely cooperate with the project team for the safe protection of member assets, and in case of additional changes, 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 your investment.

*Information is generated automatically.