Upbit ensures user asset safety during Near Protocol and Sei Network's network upgrade (Credit: Upbit) 
South Korea’s largest cryptocurrency exchange, Upbit, has announced a temporary suspension of withdrawal and deposit services for NEAR &amp; SEI in response to the upcoming network upgrade.
The suspension will take effect at 18:00 KST on September 16, 2024. Users are advised not to initiate any NEAR &amp; 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.
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 Near Protocol &amp; Sei network upgrade and the subsequent resumption of withdrawal and deposit services for NEAR &amp; SEI tokens.
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IT타임스 Kunyoung Kim (kykim@ittimes.com)

Upbit Temporarily Halts Deposits and Withdrawals of NEAR & SEI on Sep. 16

IT Times

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