Upbit to Temporarily Suspend TAIKO Deposits and Withdrawals for Taiko Network Upgrade

BitcoinWorld Upbit to Temporarily Suspend TAIKO Deposits and Withdrawals for Taiko Network Upgrade South Korean cryptocurrency exchange Upbit has announced a temporary suspension of deposits and withdrawals for TAIKO tokens and all assets on the Taiko network.

The halt is scheduled to begin at 11:00 a.m. UTC today to support a scheduled network upgrade on Taiko. Why the Suspension Is Happening Network upgrades often require temporary pauses in on-chain activity to ensure a smooth transition.

During this period, deposits and withdrawals for TAIKO and other assets operating on the Taiko network will be unavailable on Upbit. The exchange has stated that trading will continue as normal, but users should avoid initiating transfers until the upgrade is complete.

This is a standard procedure for exchanges when blockchain networks undergo protocol changes. Similar suspensions have occurred with other networks like Ethereum and Arbitrum during major upgrades.