Upbit, a leading South Korean cryptocurrency exchange, has announced the temporary suspension of IOTA (MIOTA) deposits and withdrawals. This action is scheduled to take effect on December 5th at 12:00 PM Korean Standard Time (KST). Why the Suspension? The suspension is a direct result of the upcoming IOTA hard fork. Hard forks are significant updates to a blockchain that can sometimes cause temporary disruptions to network activity. To ensure the stability of user funds during this period, Upbit has decided to halt IOTA deposit and withdrawal services. What to Expect During the suspension, users will be unable to deposit or withdraw IOTA tokens from the Upbit exchange. Trading of IOTA on Upbit is expected to continue as usual. Upbit will closely monitor the hard fork process and resume deposit and withdrawal services once the network stabilizes. An announcement will be made when IOTA services are restored. Users are advised to stay informed through official Upbit announcements. ```