[Upbit] Notice of Temporary Suspension of Deposits and Withdrawals Due to IoTeX (IOTX) Hard Fork (12/16 18:00 ~)

Notice of Temporary Suspension of Deposits and Withdrawals Due to IoTeX (IOTX) Hard Fork (12/16 18:00 ~)

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

Due to the upcoming hard fork of IoTeX (IOTX), the support for deposits and withdrawals of IoTeX (IOTX) will be suspended from 18:00 (KST) on December 16, 2024 (Monday) until the stability of the hard fork is confirmed (further notice will be provided through this announcement). (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph A).

[Notice Regarding Temporary Suspension of IoTeX (IOTX) Deposits and Withdrawals]

Reason for Suspension: IoTeX (IOTX) Hard Fork

Target Digital Asset: IoTeX (IOTX) - IoTeX Network

Scope of Suspension: Deposit and withdrawal of the target digital asset

*View Details on IoTeX (IOTX) Hard Fork

Suspension Period: 2024-12-16 (Monday) 18:00 ~ Until the stability of IOTX deposits and withdrawals is confirmed, further notice will be provided through this announcement.

[Precautions]

If you deposit IOTX after the suspension point, it may not be reflected in your Upbit account, and in such cases, recovery may not be possible. Please be aware of this and do not deposit after the suspension point.

During the suspension period, the deposit return procedure for the digital asset will be temporarily suspended and will be processed sequentially after the resumption of deposit and withdrawal support.

If a suspension occurs, there may be delays in deposit processing due to network congestion, and there may be a difference between the confirmation time of transactions on the blockchain network and the time they are reflected in deposits.

Deposits and withdrawals may occur on some blockchain networks before or after the suspension point, but normal processing is not possible during the inspection period according to our wallet system processing situation, and processing may be delayed in member accounts as it will be processed sequentially after the inspection is completed.

[Frequently Asked Questions]

Trading of the digital asset will continue to be supported without interruption, regardless of the suspension of deposits and withdrawals.

Upbit plans to work closely with the IoTeX team to ensure the safe protection of your assets, and if there are any additional or changes, we will update this announcement.

We ask for your understanding as this is a measure 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.