[Upbit] Notice of Temporary Suspension of ELF Deposits and Withdrawals Due to Network Upgrade (01/14 22:00 ~)

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

Due to the upcoming network upgrade of ELF, deposit and withdrawal support will be suspended from 2025.01.14 22:00 (KST) until the stability of the network upgrade is confirmed (further notice will be provided through this announcement) (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Item A).

[Notice Regarding ELF Network Upgrade]

• [View Notice Regarding ELF Network Upgrade](https://blog.aelf.com/posts/aelf-reschedules-upgrade-v1120)

[Time of Suspension of Deposit and Withdrawal Support]

• 2025-01-14 (Tue) 22:00 KST \~ ELF network upgrade stability confirmation, after which deposit and withdrawal support resumption will be announced through this notice

[Time of Resumption of Deposit and Withdrawal Support]

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

• The resumption time for ELF deposits and withdrawals will be updated through this announcement.

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

[Precautions]

• If you deposit ELF after the suspension time, it may not be reflected in your Upbit account, and recovery may not be possible in such cases.

• Please be aware of this and do not deposit after the suspension time.

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

• In the event of a suspension, 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 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]

• 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 ELF team to ensure the safe protection of your assets, and if there are any additional or changes, we will provide updates through 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 that can result in the loss of all or part of your investment.

*This information is automatically generated.