[Upbit] Notice of Temporary Suspension of Deposits and Withdrawals for aelf (ELF) 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 aelf (ELF), the support for deposits and withdrawals will be suspended from 2025.01.14 22:00 (KST) until the stability of the network upgrade is confirmed (to be announced later through this notice) (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph 1).

[Notice on ELF Network Upgrade]

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

[Suspension Time for 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.

[Resumption Time for Deposit and Withdrawal Support]

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

• The resumption time for 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 for deposit and withdrawal support, it may not be reflected in your Upbit account, and in such cases, recovery may not be possible.

• Please be cautious and do not deposit after the suspension time for deposit and withdrawal support.

• During the suspension period, the return procedure for deposits of 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 deposits and withdrawals occurs, there may be delays in deposit processing due to reasons such as network congestion, and there may be a difference between the confirmation time of transactions on the blockchain network and the reflection time of deposits.

• 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 without interruption.

• Upbit plans to closely cooperate with the aelf team to safely protect your assets, and if there are any additional or changes, we will provide updates through 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.