Upbit Halts STX Deposits and Withdrawals Due to Network Delays

South Korean cryptocurrency exchange Upbit has temporarily halted deposits and withdrawals of Stacks (STX) tokens due to ongoing network congestion on the Stacks blockchain. This action is in line with regulatory guidelines that require exchanges to protect user assets during temporary network issues. Users are strongly urged to avoid any STX transactions until stability returns. The suspension, announced by Upbit, aims to ensure safe transaction processing for users.