Upbit Suspends OAS Deposits and Withdrawals for Oasis Network Hard Fork

IconCryptoNewsTerminal Staff25 Jul, 2024

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Upbit Suspends OAS Deposits and Withdrawals for Oasis Network Hard Fork

Upbit Suspends OAS Deposits and Withdrawals for Oasis Network Hard Fork Seoul, South Korea - Upbit, one of the largest cryptocurrency exchanges in the world, has announced the temporary suspension of deposits and withdrawals for Oasis Network's OAS token on July 25, 2023. This suspension is a precautionary measure in preparation for the upcoming hard fork on the Oasis Network. The hard fork is scheduled to take place on July 26, 2023, and will introduce several upgrades to the Oasis Network, including improved scalability, security, and privacy. Upbit has stated that the suspension of OAS deposits and withdrawals is necessary to ensure a smooth transition to the new network. Users who wish to deposit or withdraw OAS tokens during the suspension period are advised to do so before July 25, 2023. Upbit will resume OAS deposits and withdrawals once the hard fork has been completed and the necessary system maintenance has been performed. The suspension of OAS deposits and withdrawals is a temporary measure, and Upbit is committed to providing its users with the best possible service. The exchange will continue to monitor the situation and will provide updates as they become available.

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