Upbit Ensures User Asset Safety During NEO Hard Fork: Temporary Suspension Of NEO And GAS Services

Key Points:

• South Korean exchange Upbit will temporarily halt NEO and GAS deposits and withdrawals starting from September 20, 2023, due to the NEO hard fork. Services will be restored once the network’s stability is confirmed after the fork.
• This move ensures user asset safety during the hard fork process and reflects Upbit’s commitment to maintaining a secure trading environment. Users should stay informed about updates on deposit and withdrawal resumptions.

South Korea’s prominent digital asset exchange, Upbit, has declared a temporary suspension of deposit and withdrawal services for NEO and GAS in response to the upcoming NEO hard fork. 

The suspension will take effect at 12:00 KST on September 20, 2023 (Wednesday). Users are advised to refrain from initiating any NEO or GAS transactions during this period. This proactive measure is aimed at ensuring the safety and integrity of user assets during the hard fork process. Upbit will closely monitor the situation and restore deposit and withdrawal services as soon as it is confident in the stability and security of the network following the hard fork’s completion.

The NEO hard fork represents a significant event in the blockchain’s development, and it is crucial for users to be aware of the temporary suspension of these services to avoid any inconveniences. Upbit remains committed to providing a secure and reliable trading environment for its users and will continue to keep them updated on any developments related to the hard fork and the resumption of NEO and GAS transactions.

This suspension aligns with Upbit’s dedication to safeguarding user assets and ensuring a smooth and seamless trading experience. Users are encouraged to stay informed about the latest updates from Upbit regarding the NEO hard fork and the subsequent resumption of deposit and withdrawal services for NEO and GAS tokens.

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