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Upbit Temporarily Suspends Deposits and Withdrawals for 25 Tokens

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South Korean cryptocurrency exchange Upbit has announced it will temporarily suspend deposits and withdrawals for 25 digital assets on August 31. The maintenance window is scheduled from 12:00 p.m. UTC to 8:00 p.m. UTC, affecting a wide range of major and mid-cap tokens.

The affected cryptocurrencies include BTC, XRP, ETH, SOL, DOGE, XLM, SHIB, ETC, ONDO, LINK, NEAR, AVAX, STX, ENS, ATOM, SAND, WLD, ARB, PEPE, DOT, CTC, AXS, ENA, CRO, and APT. Upbit will also suspend staking applications for ETH, ATOM, CRO, and SOL during the same period.

The suspension is a standard procedure for the exchange to reconcile balances and ensure the accuracy of its internal ledger systems. Trading on the spot market itself is not affected; only the movement of funds in and out of the exchange is temporarily paused.

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