Upbit Suspends SUI and LWA Deposits and Withdrawals Due to Blockchain Node Issues

IconCryptoNewsTerminal Staff05 Jul, 2024

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Upbit Suspends SUI and LWA Deposits and Withdrawals Due to Blockchain Node Issues

Upbit, one of the leading cryptocurrency exchanges in South Korea, has announced the temporary suspension of deposits and withdrawals for SUI and LWA due to blockchain node issues. The exchange made the announcement through an official notice on its website. Upbit stated that the suspension is necessary to ensure the stability of the platform and protect user assets. The exchange did not provide a specific timeline for when the suspension will be lifted but assured users that they will be notified when services resume. This suspension comes shortly after Upbit announced a similar measure for GMT tokens due to a mainnet upgrade. The exchange has a history of taking precautionary measures to safeguard user funds, including suspending trading and deposits during periods of high volatility or technical issues. In the meantime, users are advised to refrain from making any deposits or withdrawals of SUI and LWA on Upbit. The exchange has urged users to stay updated through its official channels for further announcements.

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