Upbit Halts Taiko Network Deposits Amid Scheduled Upgrade

Upbit, a prominent South Korean cryptocurrency exchange, has temporarily suspended deposits and withdrawals for TAIKO tokens and all assets on the Taiko network. This move is part of an ongoing upgrade to improve performance and security.

The suspension will begin at 11:00 a.m. UTC today and may affect traders who rely on quick transfers between exchanges and wallets. However, trading on Upbit will continue as normal, and users can still trade TAIKO on the platform during this period.

Upbit has advised users to monitor its official announcements for updates on when the suspension will be lifted. The exchange typically resumes services shortly after the upgrade is confirmed stable.