Deposit and Withdrawal Halt Announced for NEO and GAS
In preparation for the upcoming major upgrade of the NEO N3 network, a leading cryptocurrency exchange has announced the temporary suspension of deposit and withdrawal services for NEO and its companion token, GAS. The move is part of the platform's efforts to ensure a smooth transition during the network migration and to perform necessary node server updates.
Service Suspension Schedule and Scope
Key details regarding the service interruption are outlined below:
- Affected Assets: NEO (NEO) and GAS (GAS).
- Suspension Time: Scheduled for 18:00 KST on July 31, 2026.
- Network Impacted: NEON3 network transactions.
- Primary Reason: To support the NEO network upgrade and facilitate concurrent node maintenance on the exchange's side.
Services are expected to resume once network stability is confirmed post-upgrade. An official notice will announce the exact restart time. Any deposit or withdrawal requests pending before the suspension will be processed sequentially after maintenance concludes.
Network Upgrade Timeline and User Guidance
The NEO network upgrade is slated to commence at 01:00 KST on August 1, 2026, at block height 12,020,000.
It is important to highlight that trading of NEO and GAS on the exchange will not be affected during this period. Users can continue to execute buy and sell orders normally. However, as with any significant technical upgrade, the potential for increased market volatility exists. Investors are advised to exercise caution and manage their positions accordingly.
The exchange recommends that users holding these assets plan their transactions ahead of the suspension and monitor official channels for updates on service restoration.