Upbit, a leading South Korean cryptocurrency exchange, will temporarily suspend deposits and withdrawals for ARDR and IGNIS tokens starting at 3:00 a.m. UTC on February 2, 2025. This suspension supports a critical hard fork on the Ardor network, a major protocol upgrade requiring coordinated security measures. The suspension is a standard security protocol to protect user assets during network upgrades. While trading of ARDR and IGNIS on Upbit's order books will remain active, the movement of these tokens on and off the exchange will be halted. The hard fork will implement significant upgrades across Ardor's parent-child chain architecture, enhancing the network's functionality and security. Upbit's transparent handling of this event aligns with global best practices, ensuring user protection and regulatory compliance. The exchange will announce the resumption of services once the upgrade is complete and systems are verified.
Upbit Suspends ARDR and IGNIS Transactions for Ardor Network Hard Fork
This content is for informational purposes only and does not constitute investment advice.
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