Upbit Halts Altcoin Deposits and Withdrawals Due to Optimism Upgrade!

Upbit Announces Temporary Suspension of Deposit and Withdrawal Services Due to Optimism Network Upgrade

Upbit, a leading global cryptocurrency exchange, has announced the temporary suspension of deposit and withdrawal services for several altcoins due to the upcoming Optimism network upgrade. This suspension affects various digital assets and will begin on Thursday, January 9, 2025, at 22:00 KST, continuing until the stability of the upgraded network is confirmed. The resumption of services will be announced in an official update.

Affected Digital Assets and Services

• Deposit and Withdrawal: Metal (MTL), Lisk (LSK), Brett (BRETT), Carv (CARV)
• Withdrawal Only: Plian (PI) (Note: PI is a delisted asset on Upbit and is only available for withdrawal).

Reasons for Suspension

The temporary suspension is necessary to ensure the security and stability of the platform during the Optimism network upgrade. This measure helps prevent any potential issues with transactions and ensures that the platform operates securely throughout the upgrade process.

Resumption of Services

Once the network upgrade is complete and its stability has been verified, Upbit will restore deposit and withdrawal services. Updates on the exact timing will be provided through official announcements, ensuring users are kept informed about the progress of the upgrade.

Important Notes for Users

• During the suspension period, deposit refunds for affected digital assets will be temporarily unavailable. Refunds will be processed sequentially once services resume.
• Deposits may experience delays due to network congestion. Additionally, discrepancies may occur between blockchain confirmations and deposit reflections.
• For any unforeseen wallet or network maintenance, transactions may experience delays and will only be processed after thorough post-maintenance verification.

Users are advised to stay updated on official communications from Upbit for further developments. Ensuring the security of transactions and maintaining platform stability are top priorities during this network upgrade.