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Upbit Temporarily Halts NEAR Transactions Ahead of Network Upgrade
Due to an upcoming network upgrade, Upbit has temporarily suspended deposit and withdrawal services for NEAR Protocol.
Upbit, one of the leading global cryptocurrency exchanges, has temporarily suspended deposit and withdrawal services for NEAR Protocol (NEAR) due to an upcoming network upgrade.
This suspension, scheduled to begin on August 26, 2024, is a precautionary measure to ensure the safety and security of users’ assets during the upgrade process.
While NEAR trading on the platform will continue uninterrupted, Upbit has advised users to avoid making any NEAR deposits during this period, as recovery may not be possible if issues arise.
NEAR Transactions Suspension and Network Upgrade
Upbit recently announced that it will temporarily halt NEAR Protocol deposits and withdrawals due to a scheduled network upgrade that aims to improve the blockchain’s performance and security.
The suspension will begin at 12:00 KST on August 26, 2024, and will remain in place until Upbit confirms the stability of the upgraded network.
