[Upbit] Notice of Temporary Suspension of Deposits and Withdrawals for aelf (ELF) Network Upgrade (Schedule Cancellation Notice)

Update Date: 2024-12-24 14:15

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

The aelf (ELF) network upgrade schedule has been postponed, and the previously announced temporary suspension of deposits and withdrawals has been canceled.

For more details, please refer to the link below.

• Notice of Postponement of aelf (ELF) Network Upgrade

Thank you.

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

The aelf (ELF) network upgrade is scheduled to take place, and from 2024.12.24 (Tue) 22:00 (KST) until the stability of the network upgrade is confirmed (to be announced through this notice), support for deposits and withdrawals will be suspended (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph A).

[Notice Regarding ELF Network Upgrade]

• View Notice Regarding ELF Network Upgrade

[Time of Suspension of Deposit and Withdrawal Support]

• 2024-12-24 (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.

[Time of Resumption of Deposit and Withdrawal Support]

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

• The timing of the resumption of ELF deposit and withdrawal support 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]

• After the suspension of deposit and withdrawal support, deposits of ELF may not be reflected in your Upbit account, and in such cases, recovery may not be possible.

• Please be aware of this and do not make any deposits 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.

• If a suspension of deposits and withdrawals occurs, delays in deposit processing may occur due to network congestion, and there may be a difference between the time of confirmation of the transaction on the blockchain network and the time of deposit reflection.

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

[Frequently Asked Questions]

• Although ELF deposits and withdrawals are temporarily suspended, ELF trading is supported without interruption.

• Upbit plans to work closely with the aelf team to ensure the safe protection of your assets, and if any additional or changes occur, 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 that can result in the loss of all or part of your investment.

*This information is automatically generated.