Upbit Halts Polygon-Network Deposits and Withdrawals for POL Hard Fork

BitcoinWorld Upbit Halts Polygon-Network Deposits and Withdrawals for POL Hard Fork South Korean cryptocurrency exchange Upbit has announced a temporary suspension of deposits and withdrawals for all cryptocurrencies operating on the Polygon network, effective from 11:00 a.m.

UTC today. The move is tied to an upcoming hard fork on the Polygon (POL) blockchain, a routine but critical event that requires exchanges to pause network activity to ensure asset safety and chain stability.

Why the Suspension Matters Hard forks involve changes to a blockchain’s protocol, often introducing new features or fixing security vulnerabilities. During such events, transactions can be at risk of being processed incorrectly or even lost if the network splits unexpectedly.

By suspending deposits and withdrawals, Upbit aims to protect user funds and prevent any potential disruption during the transition.