[Upbit] Notice of SWELL Network (SWELL) Deposit and Withdrawal Suspension Due to Network Transition (3/5 11:00)

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

We would like to inform you about the suspension of deposits and withdrawals due to SWELL Network's transition from Ethereum network to Swellchain network as follows. (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Items A and B)

[SWELL Network Network Transition Notice]

• Network Transition: Ethereum → Swellchain

[Deposit and Withdrawal Suspension Time]

• SWELL Network (SWELL) deposit and withdrawal suspension time: 2025-03-05 (Wed) 11:00 KST (scheduled)

*During the suspension period of deposit and withdrawal support, the deposit return process for the digital asset will be temporarily suspended.

*The resumption of deposit and withdrawal support for SWELL Network (SWELL) will be updated through a separate notice.

[Deposit and Withdrawal Precautions]

• In case of deposit and withdrawal suspension, there may be delays in deposit processing due to network congestion and other reasons, and there may be differences between the confirmation completion time of transactions on the blockchain network and the deposit reflection time.

• 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 after the inspection is completed, it will be processed sequentially through a verification process, so reflection processing to member accounts may be delayed.

• During the suspension period of deposit and withdrawal support, the deposit return procedure and withdrawal address registration procedure for the digital asset will be temporarily suspended and will be processed sequentially after the resumption of deposit and withdrawal support.

• SWELL Network (SWELL) deposited after the suspension time will not be included in the network transition target, so please do not deposit SWELL Network (SWELL) after the suspension time.

*It may not be recoverable according to the SWELL Network team's plans and decisions.

[Frequently Asked Questions]

• SWELL Network (SWELL) deposits and withdrawals are temporarily suspended, but SWELL Network (SWELL) trading is possible.

• Upbit will work closely with the SWELL team to safely protect members' assets, and if there are any additional or changes related to this, we will provide additional guidance in this notice.

We ask for your understanding as this is a measure to support safe deposits and withdrawals.

Thank you.

※ Virtual assets are high-risk products that may result in the loss of all or part of your investment.

*This is automatically generated information.