[Upbit] Notice of Temporary Suspension of Deposits and Withdrawals due to aelf (ELF) Network Upgrade (Schedule Cancellation Notice)

Update Date: 2024-12-24 14:15

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

The aelf (ELF) network upgrade schedule has been postponed, and the previously announced plan to temporarily suspend deposits and withdrawals has been canceled.

For more details, please refer to the link below.

• Notice of aelf (ELF) Network Upgrade Postponement

Thank you.

---

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

The network upgrade of aelf (ELF) is scheduled, and from 2024.12.24 (Tue) 22:00 (KST) until the stability of the network upgrade is confirmed (to be announced through this notice later), support for deposits and withdrawals will be suspended (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph A).

[Notice Regarding ELF Network Upgrade]

• View Notice Regarding ELF Network Upgrade

[Time of Suspension of Deposit and Withdrawal Support]

• 2024-12-24 (Tue) 22:00 KST ~ Until the stability of the ELF network upgrade is confirmed, the resumption of deposit and withdrawal support will be announced through this notice

[Time of Resumption of Deposit and Withdrawal Support]

• We will resume deposit and withdrawal support once the stability of the ELF network upgrade is confirmed.

• The timing of the resumption of ELF deposit and withdrawal support will be updated through this notice.

*If there are any peculiarities related to the resumption of deposit and withdrawal support, we will inform you through this notice.

[Precautions]

• After the suspension of deposit and withdrawal support, ELF deposits may not be reflected in your Upbit account, and in such cases, recovery may not be possible.

• Please be cautious and do not make deposits after the suspension of deposit and withdrawal support.

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

• If a suspension of deposits and withdrawals occurs, there may be delays in deposit processing due to reasons such as network congestion, and there may be a difference between the time of confirmation 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 delays in reflecting it in the member account.

[Frequently Asked Questions]

• ELF deposits and withdrawals will be temporarily suspended, but ELF trading will continue to be supported without interruption.

• Upbit plans to closely cooperate with the aelf team to safely protect your assets, and if there are any additional or changes, 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.