Stay informed! If you hold SUI or other specific tokens on the Sui network, there’s an important announcement from South Korean crypto exchange Upbit you need to know. The exchange is implementing a temporary halt affecting deposits and withdrawals for several tokens.
Why is Upbit Announcing the Upbit SUI Suspension?
Upbit, a major player among Upbit crypto exchange platforms, has officially announced a temporary suspension. This action specifically targets deposits and withdrawals for certain tokens operating on the Sui network. The reason provided is essential wallet maintenance. This is a standard procedure exchanges undertake to ensure the security and efficiency of their systems.
Understanding the SUI Deposit Withdrawal Halt
The core of the announcement is the temporary halt on the SUI deposit withdrawal process, along with other related tokens. Here are the key details users must be aware of:
- Affected Tokens: SUI, LWA, DEEP, and WAL.
- Affected Network: These tokens are specifically those operating on the Sui network.
- Effective Date and Time: The suspension begins precisely at 14:00 UTC on Thursday, May 2.
- Reason: The suspension is necessary to perform essential wallet maintenance.
- Duration: The announcement indicates the suspension is temporary, but a specific end time is not provided. Users should monitor Upbit’s official channels for updates on when services will resume.
Impact on Sui Network Tokens and Users
This Upbit maintenance affects anyone looking to move SUI or the other listed Sui network tokens onto or off the Upbit platform after the specified time. While trading of these tokens within the exchange may continue (users should verify this on Upbit), external transfers will not be possible during the maintenance period. This highlights the importance of planning any intended transactions involving these specific assets before the May 2 deadline.
What Should Upbit Users Do?
For Upbit users holding or trading SUI and other Sui network tokens, the actionable insight is clear: if you need to deposit or withdraw SUI, LWA, DEEP, or WAL tokens via the Sui network, you must complete these transactions before 14:00 UTC on May 2. Failure to do so means you will be unable to move these assets until the wallet maintenance is completed and services are restored. Keep a close watch on Upbit’s official announcements for updates regarding the resumption of these services.
Summary: Navigating the Temporary Upbit SUI Suspension
In conclusion, Upbit’s announcement of a temporary SUI deposit withdrawal suspension starting May 2 at 14:00 UTC for wallet maintenance is a critical update for users of SUI, LWA, DEEP, and WAL tokens on the Sui network. This Upbit maintenance is a standard operational procedure but requires users to adjust their transaction plans accordingly. Stay informed through Upbit’s official channels for the latest information on the status of deposits and withdrawals for these particular Sui network tokens.
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