Upbit Announces Temporary Suspension of AKT Deposits and Withdrawals
CryptoNewsTerminal Staff07 Jun, 2024
Upbit Announces Temporary Suspension of AKT Deposits and Withdrawals
Upbit, a major South Korean cryptocurrency exchange, has announced the temporary suspension of deposits and withdrawals of Akash Network (AKT) tokens. The suspension will take effect from 6 p.m. (AKT) on June 11, 2023, and is expected to last for an unspecified period. According to an announcement on Upbit's official homepage, the suspension is necessary due to a scheduled network upgrade on the Akash Network. During this time, users will not be able to deposit or withdraw AKT tokens from Upbit. However, trading of AKT tokens will continue as normal. Upbit has advised users to take necessary precautions and adjust their trading strategies accordingly. The exchange will provide updates on the resumption of AKT deposits and withdrawals once the network upgrade is complete.
