Safety

Upbit Ensures User Asset Safety During Sei Mainnet Upgrade (Credit: Sei Network Logo) 
South Korea's largest cryptocurrency exchange, Upbit, has announced a temporary suspension of withdrawal and deposit services for SEI in response to the upcoming SEI mainnet upgrade. 
The suspension will take effect at 18:00 KST on October 23, 2023. Users are advised not to initiate any SEI transactions during this period. This proactive measure is designed to ensure the safety and integrity of user assets during the network upgrade process. Upbit will closely monitor the situation and restore withdrawal and deposit services once it is confident in the stability and security of the network following the completion of the network. 
According to the Sei Network website, the SEI mainnet upgrade is expected to take place at SEI block height of 34,078,260, estimated at 18:02 KST on October 23, 2023. 
This suspension is in line with Upbit’s commitment to protecting user assets and ensuring a smooth and seamless trading experience. Users are encouraged to stay informed about the latest updates from Upbit regarding the Sei Network mainnet upgrade and the subsequent resumption of withdrawal and deposit services for SEI tokens.

Upbit Ensures User Asset Safety During Sei Neiwork Mainnet Upgrade

IT Times

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