South Korean crypto exchange Upbit said on Aug. 31 that it has temporarily suspended deposit and withdrawal services for assets running on the Ontology network while the network undergoes maintenance checks. The affected assets are Ontology (ONT), Ontology Gas (ONG) and MovieBloc (MBL). The suspension took effect from the time of the notice and will remain in place until Upbit confirms that deposits and withdrawals on the relevant network are safe to resume, with a separate notice to announce the restart time. Upbit said spot trading for the affected assets will continue as normal during the suspension. Still, user deposits, withdrawal address registration and refund processing for those assets have all been paused. The exchange also warned that deposits sent to Upbit during the suspension may fail to arrive properly and could, in some cases, become unrecoverable.
According to BlockBeats, South Korean crypto exchange Upbit said on Aug. 31 that it has temporarily suspended deposit and withdrawal services for digital assets on the Ontology network because the network is undergoing maintenance checks.
The affected assets are Ontology (ONT), Ontology Gas (ONG) and MovieBloc (MBL). The suspension took effect from the time of the announcement and will stay in place until Upbit confirms the safety of deposits and withdrawals on the related network. The exchange said the exact time for resumption will be announced separately.
Upbit added that trading for the affected assets has not been impacted. During the suspension, however, user deposits, withdrawal address registration and refund processing will also be halted. The exchange warned that if users deposit the related assets to Upbit while the suspension is in effect, the funds may not be credited properly and could even face a risk of being unrecoverable.
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