Cryptocurrency trading platform Upbit recently released an official announcement stating that in order to ensure the safety of user assets and smooth transactions, it will suspend support for deposits and withdrawals starting from 18:00 (KST) on September 16, 2024 (Monday), until the SEI network upgrade process is confirmed to be completed stably. This move aims to ensure that users are not affected during the SEI network upgrade period, while maintaining market order and transaction security. Upbit advises users to manage their funds appropriately during this period, avoiding any deposit or withdrawal operations within this time frame to minimize potential risks. Once the SEI network upgrade is complete, Upbit will promptly resume deposit and withdrawal services and notify all users.