Upbit Suspends SEI Deposits and Withdrawals for Network Upgrade

IconCrypto News Terminal25 Apr, 2024

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Upbit Suspends SEI Deposits and Withdrawals for Network Upgrade

Upbit, one of the largest cryptocurrency exchanges in South Korea, has announced that it will temporarily suspend SEI (SEI) deposits and withdrawals from 8 PM KST on April 30. The suspension is due to the SEI (SEI) network upgrade work, which is expected to be completed within a few hours. During this time, users will not be able to deposit or withdraw SEI from their Upbit accounts. Upbit has advised its users to take note of the suspension and plan their transactions accordingly. The exchange will provide updates on the progress of the network upgrade and the resumption of SEI deposits and withdrawals. Previously on 24 April 2024, Upbit had also announced a temporary suspension of SEI deposits and withdrawals due to the SEI network upgrade work.