Upbit Temporarily Suspends Ethereum Services Ahead of Major Network Upgrade

Leading cryptocurrency exchange, Upbit, has announced a temporary halt on all Ethereum deposits and withdrawals to prepare for a major network hard fork. The suspension will take effect on December 3rd at 7:00 p.m. UTC, allowing the platform to ensure secure operations during the upgrade. This precautionary measure, similar to software upgrades for blockchain systems, aims to mitigate potential risks from the network transition.