Upbit will suspend Injective (INJ) deposit and withdrawal services to support network upgrades

The South Korean cryptocurrency exchange Upbit announced that due to the Injective (INJ) network upgrade, the deposit and withdrawal services for INJ will be suspended starting from June 4 at 19:00 Beijing time (20:00 Korean time) until the network stability confirmation is completed.

The announcement indicates that this suspension only affects the deposit and withdrawal functions of INJ, while spot trading will continue as normal. Upbit reminds users that conducting on-chain transfers during the suspension period may lead to delays in arrival, and in extreme cases, there may even be a risk of irreversible loss.

Upbit stated that it will maintain close cooperation with the Injective project team to ensure the safety of user assets and will issue a separate notice to resume deposit and withdrawal services once the network stabilizes.