Upbit Warns of MultiversX Security Risks, Suspends EGLD Deposits

South Korean cryptocurrency exchange Upbit has issued an investment warning for MultiversX (EGLD) and suspended deposits. This decision comes after a security incident was reported, posing potential risks to user assets.

The review period began on September 21, 2026, at 10:00 AM UTC+3, and will conclude on October 19-23, 2026. During this time, deposits and withdrawals are suspended, with the exception of some trading pairs.

Upbit has stated that if services resume, only withdrawals will initially be supported, and deposit support will be announced separately based on the review's outcome. The exchange warned users that EGLD deposits made after the announcement might not be credited to accounts and could be non-recoverable.