[Upbit] Notice of Temporary Suspension of NEAR Protocol (NEAR) Deposits and Withdrawals Due to Network Upgrade (Completed)

> Update Date: 2024-12-17 16:22

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

The inspection to support stable deposit and withdrawal services has been completed.

The detailed information is as follows.

[Notice on Resumption of NEAR Deposits and Withdrawals]

• Target Digital Asset: NEAR Protocol (NEAR) - Near Protocol Network

• Scope of Resumption: Deposits and withdrawals of the target digital asset

Thank you for your patience.

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

Due to the upcoming network upgrade of NEAR Protocol (NEAR), support for deposits and withdrawals will be suspended from 12:00 PM (KST) on December 15, 2024, until the stability of the network upgrade is confirmed (to be announced through this notice later) (Article 17, Paragraph 1, Subparagraph A of the Enforcement Decree of the Virtual Asset User Protection Act).

[Notice on NEAR Network Upgrade]

• [View NEAR Network Upgrade Notice](https://github.com/near/nearcore/releases/tag/2.4.0)

[Suspension of Deposit and Withdrawal Support]

• December 15, 2024 (Sun) 12:00 KST \~ Until the stability of the NEAR network upgrade is confirmed, the resumption of deposit and withdrawal support will be announced through this notice.

[Resumption of Deposit and Withdrawal Support]

• Once the NEAR network upgrade is completed and stability is confirmed, we will resume deposit and withdrawal support.

• The resumption time for NEAR deposits and withdrawals will be updated through this notice.

*If any issues arise regarding the resumption of deposit and withdrawal support, we will inform you through this notice.

[Precautions]

• If you deposit NEAR after the suspension of deposit and withdrawal support, 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 of deposit and withdrawal support.

• During the suspension period, the return process for deposits of the digital asset will be temporarily halted and will be processed sequentially after the resumption of deposit and withdrawal support.

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

• Deposits and withdrawals may occur on some blockchain networks before or after the suspension time, but normal processing is not possible during the inspection period according to our wallet system processing situation, and it will be processed sequentially after the inspection is completed, so there may be a delay in reflecting it in the member account.

[Frequently Asked Questions]

• Although NEAR deposits and withdrawals are temporarily suspended, NEAR trading will continue to be supported.

• Upbit plans to closely cooperate with the project team to safely protect your assets, and if any additional or changes occur, we will provide updates through this notice.

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.