[Upbit] Notice of Temporary Suspension of ELF Deposits and Withdrawals Due to Network Upgrade (12/24 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 22:00 (KST) on December 24, 2024 (Tuesday) until the stability of the network upgrade is confirmed (to be announced later through this notice) (Article 17, Paragraph 1, Subparagraph 1 of the Enforcement Decree of the Virtual Asset User Protection Act).

[Notice Regarding ELF Network Upgrade]

• View Notice Regarding ELF Network Upgrade

[Time of Suspension of Deposit and Withdrawal Support]

• From 22:00 KST on December 24, 2024 (Tuesday) until the stability of the ELF network upgrade is confirmed, and 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 stability is confirmed.

• The timing of 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]

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

• Please be careful not to deposit after the suspension of deposit and withdrawal support.

• 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 of deposit and withdrawal support.

• If a suspension of deposit and withdrawal occurs, there may be delays in deposit processing due to network congestion, and there may be a difference between the time of transaction confirmation 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 depending on our wallet system processing situation, and it may be delayed in reflecting on member accounts as it will be processed sequentially after the inspection is completed.

[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 safely protect your assets, and if any additional or changes occur, we will provide updates in 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 that may result in the loss of all or part of your investment.

*This information is generated automatically.