Upbit Reopens Curve Deposits for Effortless Crypto Transactions!

Key Points:

• Upbit, a major South Korean crypto exchange, set to reopen Curve services after joint review.
• Services were suspended due to vulnerabilities in Curve’s stablecoin pools – Aug 29, 2023.
• Safety ensured through collaborative efforts, enhancing user trust and accessibility.

Upbit has announced its plans to resume Curve Deposits and Withdrawals.

This decision comes after a comprehensive review conducted jointly by member companies of the Digital Asset Exchange Association (DAXA). The anticipated date for the reopening of these services is set for August 29, 2023, at approximately 18:30, though this timing is subject to change.

The suspension of Curve’s deposit and withdrawal (CRV) services was implemented by Upbit at the end of the previous month. The move was prompted by the identification of vulnerabilities within certain stablecoin pools operated by Curve. This cautious step was taken to ensure the security and integrity of users’ funds and to address any potential risks associated with the identified vulnerabilities.

Upbit’s collaboration with DAXA member companies in conducting a thorough review indicates a proactive approach towards maintaining a secure trading environment. The cryptocurrency landscape is characterized by constant advancements and occasional challenges, necessitating a vigilant stance on the part of exchanges and platforms.

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