Exchange Announcement

[Upbit] Notice of Temporary Suspension of Polygon Ecosystem (POL) Deposits and Withdrawals Due to Polygon Network Hard Fork (02/13 18:00~)

Source
Exchange Announcement Bot

Summary

  • It was announced that the Polygon Ecosystem (POL) deposit and withdrawal service will be temporarily suspended due to the Polygon network hard fork.
  • During the service suspension period, POL deposits may not be reflected, so investors need to be cautious.
  • It was informed that the deposit and withdrawal service will be resumed after the stability of the network hard fork is confirmed.

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

Due to the upcoming hard fork of the Polygon network, deposits and withdrawals for the Polygon Ecosystem (POL) - Polygon network and NFT deposit and withdrawal services based on the Polygon network will be suspended from 18:00 (KST) on February 13, 2025 (Thursday) until the stability of the hard fork is confirmed (further notice will be provided through this announcement). (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph 1).

[Notice Regarding Network Hard Fork]

  • Reason for Suspension: Polygon Network Hard Fork

  • Target Digital Asset: Polygon Ecosystem (POL) - Polygon Network

  • Scope of Suspension: Deposits and Withdrawals of Target Digital Asset

  • Additional Impact Scope: Suspension of NFT Deposits and Withdrawals Based on Polygon Network

*[View Details on Polygon Network Hard Fork](https://github.com/maticnetwork/heimdall/releases/tag/v1.2.0)

  • Suspension Period: 2025-02-13 (Thursday) 18:00 KST \~ Until the stability of Polygon Ecosystem (POL) deposits and withdrawals is confirmed, further notice will be provided through this announcement regarding the resumption of deposit and withdrawal support.

[Precautions]

  • After the suspension of deposit and withdrawal support, POL deposits 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 point.

  • 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.

  • In the event of a suspension, 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 of deposit reflection.

  • 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 status, and processing may be delayed in reflecting on member accounts as it will be processed sequentially after the inspection is completed.

  • In the case of unscheduled inspections such as wallet inspections and network inspections, deposits and withdrawals may occur on some blockchain networks before or after the announcement, but normal processing is not possible during the inspection period according to our wallet system processing status, and processing may be delayed in reflecting on member accounts as it will be processed sequentially after the inspection is completed.

  • If any special circumstances arise regarding the resumption of deposit and withdrawal support, we will inform you through this announcement.

  • During the suspension period, NFT deposits and withdrawals based on the Polygon network within Upbit NFT will be suspended.

[Frequently Asked Questions]

  • POL deposits and withdrawals will be temporarily suspended, but POL trading will be supported without interruption.

  • Upbit plans to closely cooperate with the Polygon Ecosystem team to ensure the safe protection of your assets, and if any additional or changes occur, we will provide further updates in 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 information is automatically generated.

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