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Upbit to Temporarily Suspend BERA Deposits and Withdrawals on Aug. 5

BitcoinWorld Upbit to Temporarily Suspend BERA Deposits and Withdrawals on Aug. 5 Upbit, one of South Korea’s largest cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for BERA, the native token of the Berachain network.

The halt is scheduled to take effect on Aug. 5 at 11:00 a.m. UTC, according to an official notice from the exchange. Why Is Upbit Suspending BERA Transactions? The suspension is part of Upbit’s routine maintenance and network upgrade procedures.

Such pauses are common among exchanges when a blockchain undergoes a hard fork, network upgrade, or technical adjustment. While Upbit did not specify the exact reason in its initial notice, the move aligns with Berachain’s ongoing development activity.

Berachain is a layer-1 blockchain that has gained attention for its proof-of-liquidity consensus mechanism. The network has been actively rolling out upgrades to improve scalability and user experience.

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