Upbit Freezes Zeta Deposits Amid Zetachain Network Delays

South Korean cryptocurrency exchange Upbit has suspended ZETA deposits and withdrawals due to delays in block production on the Zetachain network. The exchange cited network congestion and slower block generation as the reason for the halt, which affects traders holding or transferring the ZETA token.

Upbit's decision aims to prevent users from experiencing stuck transactions or potential loss of funds during the unstable period. Trading of ZETA on Upbit may continue, but the suspension restricts movement of tokens in and out of the platform.

The exchange has not provided a specific timeline for resuming services, stating that it will monitor the network's stability and reopen deposits and withdrawals once block production returns to normal. Users are advised to check Upbit's official announcements for updates.