[Upbit] Notice of Temporary Suspension of ELF Deposits and Withdrawals Due to 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 ELF network upgrade schedule has been postponed, and the previously announced plan to temporarily suspend deposits and withdrawals has been canceled.

Please refer to the link below for more details.

• [Notice of ELF Network Upgrade Postponement](https://blog.aelf.com/posts/aelf-postpones-upgrade-december-2024)

Thank you.

---

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

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

[Notice Regarding ELF Network Upgrade]

• [View Notice Regarding ELF Network Upgrade](https://blog.aelf.com/posts/advance-notice-aelf-v1-12-0-upgrade)

[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.

[Resumption of Deposit and Withdrawal Support]

• Once the ELF network upgrade is completed and stability is confirmed, deposit and withdrawal support will be resumed.

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

*If any special circumstances arise regarding 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 aware of this and do not make deposits after the suspension of deposit and withdrawal support.

• During the suspension period, the return process 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 occurs, there may be delays in deposit processing due to network congestion, and there may be a difference between the confirmation time of the transaction on the blockchain network and the time it is reflected in the deposit.

• Deposits and withdrawals may occur on some blockchain networks before or after the suspension, 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 your member account.

[Frequently Asked Questions]

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

• Upbit plans to closely cooperate with the ELF team to ensure the safe protection of 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.