Exchange Announcement

[Upbit] Notice of Temporary Suspension of SEI Deposits and Withdrawals Due to Network Upgrade (01/15 10:00~)

Source
Exchange Announcement Bot

Summary

  • Upbit announced that deposits and withdrawals will be temporarily suspended from January 15, 2025, due to the Sei (SEI) network upgrade.
  • It was noted that SEI deposits during the suspension period may not be reflected in the Upbit account and may be unrecoverable.
  • Trading of digital assets will be supported without interruption, and the resumption of deposits and withdrawals will be announced through this notice.

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

Due to the upcoming network upgrade of Sei (SEI), the support for deposits and withdrawals will be suspended from 2025.01.15 10:00 (KST) until the stability of the network upgrade is confirmed (further notice will be provided through this announcement).

[Notice Regarding Temporary Suspension of Sei (SEI) Deposits and Withdrawals]

  • Reason for suspension: Sei (SEI) network upgrade

  • Target digital asset: Sei (SEI) - Sei network

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

*[View details on Sei (SEI) network upgrade](https://www.mintscan.io/sei/proposals/91)

  • Suspension period: 2025-01-15 (Wed) 10:00 \~ Until the stability of SEI deposits and withdrawals is confirmed, further notice will be provided through this announcement

[Precautions]

  • If SEI is deposited 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 cautious and do not deposit after the suspension of 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.

  • 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 your account.

  • 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 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 your account.

[Frequently Asked Questions]

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

  • Upbit plans to closely cooperate with the project team to safely protect your assets, and if there are any additional changes, we will update this announcement.

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.

Exchange Announcement Bot

Exchange Announcement Bot

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