Temporary Suspension of Deposit and Withdrawal Services for MiL.k(MLK) and LoungeM(LZM) due to Network Transition (4/8 11:00)

The existing MLK deposit address will no longer be available after the suspension of deposit and withdrawal services (4/8 11:00 KST). Please carefully review the notice below to avoid any misdirected MLK deposits (mistaken deposits).
Please be aware that any deposits made to the existing MLK (Luniverse network) deposit address after the suspension time (4/8 11:00 KST) cannot be recovered.

Dear Upbit users,

Due to the network transition of MiL.k(MLK) and LoungeM(LZM) from the Luniverse network to the Arbitrum One network, please refer to the following details regarding the suspension schedule for deposits and withdrawals. (In accordance with Article 17, Paragraph 1, Items A, B of the Enforcement Decree of the Act on the Protection of Virtual Asset Users)*LoungeM(LZM) is an airdropped asset; deposit service is not supported. Only the withdrawal service will be suspended and resumed.

[MLK, LZM Network Transition Notice]

• Network transition: Luniverse → Arbitrum One

[Suspension Schedule for Deposit and Withdrawal]

• Scheduled suspension time: 2025-04-08 (Tue) 11:00 KST
  *During the suspension period, deposit return processing for the relevant digital assets will be temporarily halted.
  *The timing of the resumption of MLK and LZM deposit/withdrawal services will be announced in a separate notice.
  *LoungeM(LZM) is an airdropped asset and does not support deposits; only withdrawal service will be suspended and resumed.

[Important Notes on Deposit and Withdrawal]

• If a suspension occurs, there may be delays in deposit processing due to network congestion or other reasons. Please note that the timing of transaction confirmation on the blockchain network and the reflection of the deposit in your account may differ.
• Although deposits and withdrawals may occur on certain blockchain networks before or after the suspension time, due to internal wallet processing, deposits and withdrawals will not be processed during the suspension period. They will be sequentially processed after the maintenance ends, which may delay their reflection in your account.
• MLK deposited after the suspension time will not be included in the network transition. Please ensure that no MLK is deposited after the suspension time.
• After the MLK network transition is complete, the MLK deposit address will be changed. Please make sure to obtain a new deposit address after the transition is completed.
• Deposits made to the old MLK deposit address (Luniverse) after the suspension time will take a long time to recover and will incur a recovery fee. Additionally, recovered funds will be returned via the previous Luniverse network.
  *Recovery may not be possible depending on the plans and decisions of the Milk team.

[Frequently Asked Questions]

• Although deposits and withdrawals of MiL.k(MLK) will be temporarily suspended, trading of MiL.k(MLK) will remain possible.
• Upbit will work closely with the MiL.k team to ensure the secure protection of users' assets. Any further changes or updates will be included in this notice.

We ask for your understanding in the measures taken to support safe deposits and withdrawals.

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.