In a recent update, South Korea's leading cryptocurrency exchange, Upbit, has announced a temporary suspension of deposits and withdrawals for ZetaChain (ZETA). This decision comes as the ZetaChain network prepares for a significant upgrade aimed at enhancing its functionality and security.
The suspension, effective from February 24, 2025, at 18:00 UTC, is a precautionary measure to ensure a smooth transition during the network upgrade. Upbit has emphasized that this is a standard procedure during such updates to protect user assets and maintain system stability.
Users holding ZETA tokens on Upbit are advised to plan their transactions accordingly, as deposits and withdrawals will remain unavailable until the upgrade is complete. The exchange has assured its community that trading activities for ZETA will not be affected during this period.
Upbit has also committed to providing real-time updates on the progress of the network upgrade and will notify users once the suspension is lifted. This transparency is part of Upbit’s ongoing efforts to maintain trust as a global standard digital asset exchange.
For those unfamiliar, ZetaChain is a blockchain project focused on enabling cross-chain interoperability, and this upgrade is expected to further strengthen its ecosystem. Upbit’s proactive approach in handling such updates reflects its dedication to supporting innovative projects like ZetaChain.
Stay tuned for further announcements from Upbit regarding the resumption of ZETA transactions. In the meantime, users are encouraged to follow Upbit’s official channels for the latest information on this temporary suspension.
Maria Lourdes
