Exchange Notice
[Upbit] Notice of Temporary Suspension of Deposits and Withdrawals for Ada (ADA) Hard Fork (01/29 18:00 ~)
- It was announced that deposits and withdrawals will be temporarily suspended from 18:00 on January 29, 2025, due to the hard fork of Ada (ADA).
- It was added that during the suspension period, Ada staking applications will also be temporarily suspended, but trading will continue to be supported.
- Upbit explained that they will announce the resumption of deposits and withdrawals after confirming network stability.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Hello. This is Upbit, the most trusted global standard digital asset exchange.
Due to the upcoming hard fork of Ada (ADA), support for deposits and withdrawals will be suspended from 18:00 (KST) on January 29, 2025 (Wednesday) until the stability of the hard fork is confirmed (further notice will be provided through this announcement). This is in accordance with Article 17, Paragraph 1, Subparagraph A of the Enforcement Decree of the Virtual Asset User Protection Act.
[Notice Regarding Temporary Suspension of Ada (ADA) Deposits and Withdrawals]
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Reason for Suspension: Ada (ADA) Hard Fork
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Target Digital Asset: Ada (ADA) - Cardano Network
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Scope of Suspension: Deposits and withdrawals of the target digital asset
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Additional Impact Scope: Suspension of Ada (ADA) staking applications
*[View Details on Ada (ADA) Hard Fork](https://cardanoscan.io/govAction/gov_action1pvv5wmjqhwa4u85vu9f4ydmzu2mgt8n7et967ph2urhx53r70xusqnmm525)
- Suspension Period: 2025-01-29 (Wed) 18:00 \~ Until the stability of Ada (ADA) deposits and withdrawals is confirmed, further notice will be provided through this announcement regarding the resumption of support.
[Precautions]
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If ADA is deposited after the suspension time, it may not be reflected in your Upbit account, and recovery may not be possible in such cases. Please ensure not to deposit after the suspension time.
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During the suspension period, the deposit return procedure for the digital asset will be temporarily suspended, and returns will be processed sequentially after the resumption of support.
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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 reflection time in your account.
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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 according to our wallet system processing status. After the inspection is completed, processing will be done sequentially after verification, so there may be delays in reflecting in your account.
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In the case of unscheduled inspections such as wallet maintenance or network maintenance, deposits and withdrawals may occur on some blockchain networks before or after the announcement, but normal processing is not possible during the inspection period according to our wallet system processing status. After the inspection is completed, processing will be done sequentially after verification, so there may be delays in reflecting in your account.
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If there are any special circumstances regarding the resumption of support for deposits and withdrawals, we will inform you through this announcement.
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During the suspension period, Ada (ADA) staking applications will be temporarily suspended. However, unstaking applications can be used normally, and the unstaked amount will be reflected after the resumption of deposits and withdrawals. (Staking rewards and validators operated by Upbit are not affected by the suspension of deposits and withdrawals.)
[Frequently Asked Questions]
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Although ADA deposits and withdrawals are temporarily suspended, ADA trading will continue to be supported without interruption.
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Upbit will closely cooperate with the project team to ensure the safe protection of your assets, and if there are any additional or changes, we will update this announcement.
We ask for your understanding as this is a measure for safe deposit and withdrawal support.
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.

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