[Upbit] Notice on Temporary Suspension of ChainBounty (BOUNTY) Deposits and Withdrawals Due to Project Issues and Investment Caution (Completed)

Update Date: 2024-12-27 16:00

The inspection measures related to the security vulnerability in the ChainBounty (BOUNTY) token migration have been confirmed, and deposit and withdrawal services are resumed.

Please refer to the announcements made by ChainBounty regarding the security vulnerability measures.

• Direct Link to ChainBounty (BOUNTY) Migration Security Enhancement Notice

[Notice on Resumption of BOUNTY Deposits and Withdrawals]

• Target Digital Asset: ChainBounty (BOUNTY) - Arbitrum One 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 confirmation of certain security vulnerabilities related to the ChainBounty (BOUNTY) token migration, deposits and withdrawals are temporarily suspended.

Upbit will continue to monitor this situation closely, and we advise our members to be cautious of the increased price volatility of ChainBounty (BOUNTY). (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 2, Subparagraph 2)

The detailed information is as follows:

[Notice on Temporary Suspension of ChainBounty (BOUNTY) Deposits and Withdrawals]

• Reason for Suspension:

• Upbit has identified security vulnerabilities in the API related to the ChainBounty (BOUNTY) migration and plans to review the severity of these vulnerabilities. As a measure to protect member assets, deposits and withdrawals of ChainBounty (BOUNTY) are temporarily suspended until the security vulnerability issues are resolved.

• Target Digital Asset: ChainBounty (BOUNTY) - Arbitrum One Network

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

• Suspension Period: From the time of announcement registration until the stability of BOUNTY deposit and withdrawal support is confirmed, after which resumption will be announced through a notice

[Precautions]

• If BOUNTY is deposited after the suspension of deposit and withdrawal support, it may not be reflected in the 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 deposit return procedure for the digital asset will be temporarily suspended, and will be processed sequentially after the resumption of deposit and withdrawal support.

• If a suspension occurs, 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 according to our wallet system processing status, and it will be processed sequentially after the inspection is completed, so there may be delays in reflecting it in the member account.

[Frequently Asked Questions]

• Trading of the digital asset is supported without interruption regardless of the suspension of deposits and withdrawals.

• Upbit plans to work closely with the project team to ensure the safe protection of member assets, and if there are any additional changes, we will provide further guidance.

• We ask for your understanding as these measures are for safe deposits and withdrawals and the protection of member assets.

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.