๐จ๐ฝ๐ฏ๐ถ๐ ๐๐ฎ๐น๐๐ ๐ฆ๐ง๐ซ ๐๐ฒ๐ฝ๐ผ๐๐ถ๐๐ & ๐ช๐ถ๐๐ต๐ฑ๐ฟ๐ฎ๐๐ฎ๐น๐ ๐๐๐ฒ ๐๐ผ ๐ก๐ฒ๐๐๐ผ๐ฟ๐ธ ๐๐ฒ๐น๐ฎ๐๐
โ What Happened?
South Koreaโs largest exchange Upbit has suspended STX (Stacks) deposits and withdrawals due to ongoing delays in the Stacks blockchainโs block generation. The network is experiencing congestion, raising stability and security concerns.
โ Why It Matters
Upbit's action aligns with Koreaโs Virtual Asset User Protection Act, requiring exchanges to halt affected services during network issues to protect usersโ assets.
โ Key Points:
โข Only STX tokens are affected
โข Suspension is temporary until the network stabilizes
โข Do NOT deposit STX during this time โ funds may be lost or irretrievable
โข Pending transactions before the suspension will be processed after reopening
โข Wallet/network maintenance during this period may cause further delays
โ Upbitโs Message to Users
โPlease avoid sending STX until further notice. Deposits made now may not be reflected and cannot be refunded until the issue is resolved.โ
Stay Safe:
Always check official updates before sending STX. Upbit will announce when services resume.