Cryptocurrency trading platform Upbit recently issued an announcement stating that it will suspend ELF deposit and withdrawal functions from August 6, 12:00 onwards in line with the adjustments made for the ELFINetwork upgrade. This measure is taken to ensure the safety of user funds while supporting the optimization and improvement of the ELF network. Upbit will closely monitor the progress of the network upgrade and immediately resume ELF deposit and withdrawal services once the stability of the network upgrade is confirmed. This action demonstrates Upbit's high level of responsibility towards user asset safety and its support for technological advancements in the cryptocurrency market.