Upbit Halts HBAR Deposits & Withdrawals for Hedera Wallet Maintenance

South Korea's largest cryptocurrency exchange, Upbit, has temporarily suspended HBAR deposits and withdrawals due to maintenance on the Hedera wallet system. The suspension affects all HBAR transactions on the platform, but trading against the Korean won (KRW) and other pairs remains unaffected.

The exchange has stated that the action is necessary to ensure the stability and security of the Hedera network wallet, which suggests a coordinated effort between Upbit and the underlying network.

Users with pending HBAR deposits or withdrawals are advised to monitor Upbit's official announcements for updates on when services will resume. The lack of a clear timeline means users should stay alert for further updates.