BlockBeats reported on August 12 that Upbit has issued an official notice regarding a temporary suspension of deposit and withdrawal services. Citing the Ontology network upgrade, the exchange will halt these services starting at 23:00 Korea Standard Time on August 20, 2026. The suspension covers digital assets operating on the Ontology network, specifically Ontology (ONT), Ontology Gas (ONG), and MovieBloc (MBL). While deposits and withdrawals are paused, trading for these assets will continue unaffected. Upbit stated that after the network upgrade is completed and stability is validated, it will notify users through a separate announcement when normal deposit and withdrawal operations resume.
BlockBeats reported that on August 12, Upbit put out an official notice: it will stop deposits and withdrawals for digital assets on the Ontology network starting at 23:00 KST on August 20, 2026, due to an Ontology network upgrade.
The affected assets are Ontology (ONT), Ontology Gas (ONG), and MovieBloc (MBL). Trading in those assets will remain open during the suspension. But deposits and withdrawals will only resume after the network upgrade is completed and network stability has been confirmed, with Upbit saying it will announce that separately.
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