Upbit Suspends IOTX Trading Ahead of Significant Upgrade

South Korean cryptocurrency exchange Upbit has announced a temporary suspension of IoTeX (IOTX) deposits and withdrawals starting November 3rd at 9:00 a.m. UTC. This pause is to facilitate a critical hard fork for the IoTeX network. Understanding why this matters, let’s look deeper. 🤔 A hard fork involves a significant upgrade to a blockchain’s protocol, much like an important software update that impacts all participants, including exchanges and wallets. 💻 🤯 For crypto users who hold IOTX on Upbit, this means deposits or withdrawals cannot be processed between now and the scheduled time.