Upbit, a leading South Korean cryptocurrency exchange, has announced a temporary suspension of Hippo Protocol (HP) deposits and withdrawals. According to their official website, the suspension took effect at 15:00 on July 14th KST. Why the Suspension? The reason for this temporary measure is a scheduled Hippo Protocol network upgrade. These upgrades are essential for maintaining the security and performance of the blockchain. During the upgrade, deposit and withdrawal services are typically paused to prevent any potential issues or loss of funds. What Happens Next? Upbit has not yet announced a specific date for the resumption of HP deposits and withdrawals. Users are advised to monitor Upbit's official announcements for updates. It's crucial to avoid attempting any HP transactions during the suspension period to ensure the safety of your assets. Once the network upgrade is complete and stability is confirmed, Upbit will restore full HP functionality. ```