Upbit has announced a temporary suspension of Siacoin deposits and withdrawals on June 5th, due to an anticipated hard fork. This action will not impact trading activities on the platform. While this pause aligns with standard procedures for blockchain network upgrades in the crypto industry, it emphasizes security measures for users’ funds. This decision primarily affects Upbit’s South Korean user base of over 18 million digital currency investors. The suspension ensures the integrity of the network and provides clarity regarding the upcoming technical upgrades. Although trading functionality on Siacoin remains unaffected, users are advised to avoid making deposits during this period as they will not be retrievable. Upbit emphasizes the safety of its users’ assets and aims to mitigate potential risks associated with network changes.