UPbit to Suspend NEO, GAS Deposits and Withdrawals for Network Upgrade
CryptoNewsTerminal Staff22 May, 2024
UPbit to Suspend NEO, GAS Deposits and Withdrawals for Network Upgrade
UPbit, a leading South Korean cryptocurrency exchange, has announced the temporary suspension of deposits and withdrawals of NEO and GAS tokens starting from 6 p.m. on May 26, 2023. The suspension is part of a planned network upgrade for the NEO blockchain and is expected to be completed within a few hours. During the suspension period, users will not be able to deposit or withdraw NEO or GAS tokens on UPbit. However, trading of these tokens will continue as usual. UPbit has advised users to take note of the suspension and plan their transactions accordingly. The network upgrade is intended to improve the stability and performance of the NEO blockchain. Users are encouraged to visit the official NEO website for more information about the upgrade and its potential impact.
