[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 security vulnerability related to the ChainBounty (BOUNTY) token migration has been addressed, and deposit and withdrawal services have resumed.

Please refer to the project announcement for details on the security measures taken by ChainBounty regarding the vulnerability.

• 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

• Resumption Scope: 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 identification of certain security vulnerabilities related to the ChainBounty (BOUNTY) token migration, deposits and withdrawals have been temporarily suspended.

Upbit will continue to monitor the situation closely, and we advise our members to be cautious of 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 ChainBounty (BOUNTY) migration and will review the severity of these vulnerabilities. As a measure to protect member assets, deposits and withdrawals of ChainBounty (BOUNTY) will be temporarily suspended until the security issues are resolved.

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

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

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

[Precautions]

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

• Please be cautious and do not make deposits after the suspension of deposit and withdrawal support.

• During the suspension period, the deposit return process for the digital asset in question will be temporarily halted and will be processed sequentially after the resumption of deposit and withdrawal support.

• In the event of a suspension, deposit processing may be delayed due to network congestion, and there may be a discrepancy between the confirmation time of the transaction on the blockchain network and the time it is reflected in your account.

• 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 situation, and processing may be delayed until the inspection is completed and verified sequentially.

[Frequently Asked Questions]

• Trading of the digital asset in question will continue to be 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 will provide additional guidance if there are any changes or updates.

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

Thank you.

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

*This information is generated automatically.