Upbit Announces Crucial Network Upgrade: Temporary Suspension of Story (IP) Deposits and Withdrawals

BitcoinWorld Upbit Announces Crucial Network Upgrade: Temporary Suspension of Story (IP) Deposits and Withdrawals SEOUL, South Korea – January 14, 2025 – The prominent South Korean cryptocurrency exchange Upbit has announced a significant operational update, confirming a temporary suspension of all deposit and withdrawal services for the Story (IP) token. This planned suspension, commencing at 3:00 p.m. UTC today, directly results from a scheduled network upgrade for the Story blockchain. Consequently, this proactive measure highlights the exchange’s commitment to maintaining robust security and technical infrastructure for its users. Upbit’s Strategic Pause for Story IP Network Enhancement Upbit, operated by Dunamu Inc., formally notified its user base about the impending service halt. The exchange will suspend Story (IP) deposits and withdrawals precisely at the designated time. This action is a standard yet critical procedure within the cryptocurrency industry. Exchanges frequently implement such pauses to ensure seamless integration with updated blockchain protocols....

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