[Upbit] Notice of Temporary Suspension of Avalanche (AVAX) Deposits and Withdrawals Due to Network Upgrade (Completed)

Update Date: 2024-12-18 18:42

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 AVAX Deposits and Withdrawals]

• Target Digital Asset: Avalanche (AVAX) - Avalanche C-Chain Network

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

Thank you for your patience.

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

Due to the upcoming network upgrade of Avalanche (AVAX), support for deposits and withdrawals will be suspended from 18:00 (KST) on December 16, 2024, 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 Temporary Suspension of Avalanche (AVAX) Deposits and Withdrawals]

• Reason for Suspension: Avalanche (AVAX) Network Upgrade

• Target Digital Asset: Avalanche (AVAX) - Avalanche C-Chain Network

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

*View Details on Avalanche (AVAX) Network Upgrade

• Suspension Period: From 18:00 on December 16, 2024, until the stability of AVAX deposits and withdrawals is confirmed, after which support resumption will be announced through this notice

[Precautions]

• If AVAX is deposited after the suspension point, it may not be reflected in your Upbit account, and recovery may not be possible in such cases. Please be cautious and do not deposit after the suspension point.

• During the suspension period, the deposit return process for the 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 the transaction on the blockchain network and the time it is reflected in the deposit.

• 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 due to our wallet system processing situation, and will be processed sequentially after the inspection is completed, so there may be delays in reflecting it in your account.

[Frequently Asked Questions]

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

• Upbit plans to closely cooperate with the Avalanche team to ensure the safe protection of your assets, and will provide additional updates to this notice if there are any changes or additions.

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

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.