[Upbit] Notice on Temporary Suspension of IoTeX (IOTX) Deposits and Withdrawals Due to Hard Fork (Completed)

Update Date: 2024-12-18 19:13

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 IoTeX (IOTX) Deposits and Withdrawals]

• Target Digital Asset: IoTeX (IOTX) - IoTeX Network

• Resumption Scope: Deposits and withdrawals of the target digital asset

Thank you for your patience.

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

Due to the upcoming hard fork of IoTeX (IOTX), the support for deposits and withdrawals of IoTeX (IOTX) will be suspended from 18:00 (KST) on December 16, 2024, until the stability of the hard fork is confirmed (to be announced through this notice later). (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph 1).

[Notice on Temporary Suspension of IoTeX (IOTX) Deposits and Withdrawals]

• Reason for Suspension: IoTeX (IOTX) Hard Fork

• Target Digital Asset: IoTeX (IOTX) - IoTeX Network

• Suspension Scope: Deposits and withdrawals of the target digital asset

*View IoTeX (IOTX) Hard Fork Related Notice

• Suspension Period: 2024-12-16 (Mon) 18:00 ~ Until the stability of IOTX deposits and withdrawals is confirmed, a resumption notice will be provided through this announcement

[Precautions]

• If you deposit IOTX 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 digital asset will be temporarily suspended, and it will be processed sequentially after the resumption of deposit and withdrawal support.

• If a suspension of deposits and withdrawals occurs, there may be delays in deposit processing due to network congestion, and there may be a difference between the confirmation time of transactions on the blockchain network and the time they are reflected in deposits.

• Deposits and withdrawals may occur on some blockchain networks before or after the suspension point, but normal processing is not possible during the inspection period depending on the processing situation of our wallet system, and it will be processed sequentially after the inspection is completed, so there may be delays in reflecting it in member accounts.

[Frequently Asked Questions]

• The trading of the digital asset will be supported without interruption regardless of the suspension of deposits and withdrawals.

• Upbit plans to closely cooperate with the IoTeX team to safely protect 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 information is automatically generated.