Upbit Suspends MLK and LZM Deposits & Withdrawals for Network Upgrade

03 April, 2025, 09:30 AM

Upbit, a leading South Korean cryptocurrency exchange, has announced the temporary suspension of deposits and withdrawals for Milk (MLK) and Lazoom (LZM) tokens. This suspension is scheduled to take effect on April 8th at 11:00 (KST). Network Upgrade Reasons Suspension The temporary halt in services is attributed to a planned network upgrade for both MLK and LZM. Upbit often undertakes such measures to ensure the stability and security of its platform during critical network maintenance. What Users Need To Know During the suspension, users will be unable to deposit or withdraw MLK and LZM tokens. Trading of these tokens on Upbit will likely remain unaffected, though this should be verified directly on the Upbit exchange. Once the network upgrade is complete and deemed stable, Upbit will resume deposit and withdrawal services. An official announcement will be made when services are restored. Users are advised to monitor Upbit's official announcements for updates. ```