Upbit Suspends eCash Transactions for Network Upgrade

South Korean cryptocurrency exchange Upbit will temporarily halt deposits and withdrawals of eCash (XEC) from May 15th to facilitate a planned network upgrade. This suspension solely affects the eCash network, with anticipated resumption after the upgrade, minimizing potential market disruptions. Upbit’s compliance and operational teams are overseeing this initiative, reflecting their dedication to system reliability. Upbit has previously implemented similar suspensions for upgrades, prioritizing user safety and asset functionality. ]