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

Update Date: 2025-01-16 21:55

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

The inspection for stable deposit and withdrawal service support has been completed.

The detailed information is as follows.

[Notice on Resumption of ELF Deposits and Withdrawals]

• Target Digital Asset: ELF - AELF 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 ELF, deposit and withdrawal support will be suspended from 2025.01.14 22:00 (KST) until the stability of the network upgrade is confirmed (to be announced through this notice later) (Article 17, Paragraph 1, Subparagraph 1 of the Enforcement Decree of the Virtual Asset User Protection Act).

[Notice on ELF Network Upgrade]

• View ELF Network Upgrade Notice

[Time of Suspension of Deposit and Withdrawal Support]

• 2025-01-14 (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 ELF network upgrade is completed and its stability is confirmed.

• The resumption time of ELF deposits and withdrawals 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]

• If you deposit ELF after the suspension time, 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 time.

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

• In case of 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 the reflection processing on the member account may be delayed.

[Frequently Asked Questions]

• ELF deposits and withdrawals are temporarily suspended, but ELF trading is 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 update 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 is automatically generated information.