Upbit to Temporarily Suspend Avalanche Deposits and Withdrawals Ahead of Network Upgrade on April 8, 2025

In a significant announcement, the South Korean cryptocurrency exchange Upbit has disclosed plans to momentarily halt deposit and withdrawal services on its platform. This temporary suspension is set to commence at 18:00 KST on Tuesday, April 8, 2025, due to a scheduled upgrade of the Avalanche network. The measure aims to ensure a seamless transition and guarantee the stability of the hard fork following the upgrade. Users are advised to prepare in advance for this interruption, as operations will resume only after the network’s stability is thoroughly verified. Such upgrades are pivotal as they strive to enhance network performance and functionality, which ultimately could have implications for crypto trading and user experience. Investors and traders should stay apprised of further developments to adjust their strategies accordingly.