Upbit to Suspend NEAR Deposits and Withdrawals Due to Network Upgrade

IconCryptoNewsTerminal Staff23 Aug, 2024

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Upbit to Suspend NEAR Deposits and Withdrawals Due to Network Upgrade

Upbit, a leading South Korean cryptocurrency exchange, has announced that it will temporarily suspend deposits and withdrawals of NEAR Protocol (NEAR) on August 26th at 12:00 PM due to a scheduled network upgrade. This suspension is necessary to facilitate the smooth implementation of the upgrade, which aims to enhance the stability and performance of the NEAR network. During the suspension period, users will not be able to deposit or withdraw NEAR from Upbit. Upbit has advised its users to take necessary precautions and complete any pending NEAR transactions before the suspension takes effect. The exchange will provide further updates on the resumption of NEAR services once the upgrade is complete.

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