Temporary Suspension of Cardano(ADA) Deposits/Withdrawals due to Network Upgrade (09/01 14:00~)

Dear Upbit users,

The Network Upgrade of ADA is scheduled to take place, and from 2024.09.01 (Sun) 14:00 (KST), support for deposits and withdrawals will be suspended until the stability of the network upgrade 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)

Deposits/withdrawals for ADA will be temporarily suspended due to its network upgrade.Please refer to the details below.

[Cardano(ADA) network upgrade]

• Suspension Details : ADA network upgrade
• Affected Digital Assets : Cardano(ADA) - Cardano Network
• Affected Service : Suspension of deposits/withdrawals of the affected digital asset.
• Additional Affected Service : Suspension of ADA Staking Request Services*Notice on Cardano(ADA) network upgrade
• Suspension Period : 2024-09-01(Sun) 14:00 KST ~ After confirming the stability of the network, a separate announcement will be made for the completion of the network upgrade.

[Notes]

• If you attempt to deposit ADA 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 ADA 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.
• In the case of unexpected maintenance such as wallet and network maintenance, deposits/ withdrawals may occur in some blockchain networks before or after the announcement. Deposits/withdrawals will not be processed during the announced maintenance period and once the maintenance is complete, deposits/withdrawals will be processed in sequential order.
• Any unexpected events regarding the resumption of depositss/withdrawals will be notified through this announcement.
• During the suspension of deposits/withdrawals, ADA staking services will be temporarily suspended but unstaking request services will still be available. Digital assets after the unstaking completion will be reflected after the suspension of deposit/withdrawal. (Staking rewards and the validator operated by Upbit will not be affected by the suspension.)

[Frequently Asked Questions]

• Even when the deposits/withdrawals of ADA are temporarily suspended, ADA trading will be unhindered.
• To protect your asset safely, Upbit will work closely with Cosmos Team. Any issues regarding this notice will be notified through this announcement.

Thank you.

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