Temporary Suspension of ELF Deposits/Withdrawals due to Network Upgrade (8/06 12:00 ~)

Dear Upbit users,

The Network Upgrade of ELF(ELF) is scheduled to take place, and from 2024.08.06 (Tues) 12:00 (KST), support for deposits and withdrawals will be suspended until the stability of the hard fork is fully confirmed (updated later through this notice.) (Article 17, Paragraph 1, Items A and B of the Enforcement Decree of the Act on the Protection of Virtual Asset Users)

[Information related to the Network Upgrade]

• Details of ELF Network Upgrade

[Time of suspending withdrawals/deposits]

• 2024-08-06 12:00 KST ~ Until separate announcement after confirming the stability of ELF Network Upgrade.

[Time of resuming withdrawals/deposits]

• Deposits/withdrawals will resume after confirming the stability of ELF Network Upgrade.
• The time of resuming withdrawals/deposits will be updated through this announcement.*Any unexpected events regarding the resumption of withdrawals/deposits will be notified through this announcement.

[Notes]

• If you attempt to deposit ELF after deposit/withdrawal have been suspended, the deposit amount may not be reflected in your Upbit account. The amount may not be restorable. Please refrain from depositing ELF during the suspension.
• During the deposit/withdrawal suspension period, the return process for the following digital asset will be temporarily suspended. The return process will resume in sequential order after the resumption of deposits/withdrawals.
• Deposits may be delayed after the deposit/withdrawal suspension due to network congestion, etc and there might be a difference between the completion of blockchain network transaction confirmation and the actual deposit reflection.
• Deposits/withdrawals may occur in some blockchain networks before or after the suspension. The deposit/withdrawal will not be processed during the announced maintenance period and once the maintenance is completed, the deposit/withdrawal will be processed in sequential order.

[FAQ]

• Even when the withdrawals/deposits of ELF are temporarily suspended, there will be no problem for trading ELF.
• To protect your asset safely, Upbit will work closely with ELF Team. Any additional or alternative events will be notified through this announcement.

We ask for your understanding as this inconvenience is required to support safe withdrawals/deposits.

Thank you.

※ Digital assets are highly volatile and your investment may result in significant loss.※ If there is any discrepancy between the translated English version and the original Korean version, the Korean version shall prevail.