Upbit, a leading South Korean cryptocurrency exchange, has announced a temporary suspension of deposits and withdrawals for ERC-20 based assets. This action, effective from 15:00 on May 7th, is in response to the upcoming Ethereum (ETH) hard fork. Why the Suspension? Ethereum hard forks can introduce network instability and potential security risks. Suspending deposits and withdrawals ensures the safety of user funds during the upgrade. This precautionary measure is a common practice among exchanges during major network events. Affected Assets A wide range of ERC-20 tokens are affected, including ANIME, ARB, BOUNTY, LZM, MLK, UXLINK, BRETT, CARV, KAITO, PI, VIRTUAL, BLAST, CELO, LSK, MAGIC, MTL, WCT, POL, GMT, SCR, SWELL, and TAIKO. Users holding these assets on Upbit should be aware of the temporary suspension. What to Expect Upbit will likely resume deposits and withdrawals once the Ethereum hard fork is complete and the network is stable. An official announcement will be made when the services are restored. Users are advised to monitor Upbit's official channels for updates. This suspension highlights the importance of understanding how network upgrades can impact cryptocurrency holdings. ```

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