Upbit Suspends Digital Asset Withdrawals for CoreDax Exchange Inspection
CryptoNewsTerminal Staff11 Sep, 2024
Upbit Suspends Digital Asset Withdrawals for CoreDax Exchange Inspection
Upbit, a leading South Korean cryptocurrency exchange, has announced the temporary suspension of digital asset withdrawal requests. The suspension took effect on September 10 and is expected to last until September 29. According to an official announcement on Upbit's homepage, the suspension is necessary due to a service inspection by the CoreDax digital asset exchange. The inspection aims to enhance the security and stability of CoreDax's platform. During the suspension period, users will not be able to withdraw any digital assets from Upbit. Deposits and trading activities are not affected and will continue as usual. Upbit has stated that the suspension is a precautionary measure and that the exchange remains committed to providing a safe and reliable trading environment for its users. The exchange will provide updates on the progress of the inspection and the expected date of resumption of withdrawal services.
