Upbit Suspends Ethereum Network Deposits for Hard Fork Security
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 30 2025- Suspension Announcement: Upbit will suspend all Ethereum network deposits and withdrawals starting January 6 at 11:00 p.m. UTC, a proactive measure aimed at ensuring user asset safety during a critical upcoming hard fork.
- Scope of Impact: This suspension affects ETH and various ERC-20 tokens, although trading for these assets will continue normally, allowing users to engage in transactions during the maintenance period.
- Industry Standard: Upbit's decision aligns with industry practices, similar to actions taken by Coinbase and Binance during major Ethereum upgrades, aimed at preventing transaction errors and replay attacks.
- Market Implications: As South Korea's largest cryptocurrency exchange, Upbit's operations significantly influence local market liquidity, and while short-term volatility may arise, effective communication plans are expected to mitigate severe market disruptions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
