Upbit Halts DOT Deposits & Withdrawals Amid Polkadot Network Security Concerns

Upbit Exchange Implements Precautionary Measures

The prominent South Korean digital asset exchange, Upbit, has issued an official notice regarding its Polkadot (DOT) services. The exchange announced a temporary suspension of all deposit and withdrawal functions for DOT tokens, citing concerns over potential security vulnerabilities within the Polkadot network infrastructure.

Scope of the Service Suspension

• All deposit and withdrawal operations for Polkadot (DOT) have been halted.
• The suspension also affects transactions involving the AssetHub network built on Polkadot.
• During this period, processing of deposit returns and registration of new withdrawal addresses will be paused.

Next Steps and Expected Resolution

According to Upbit, the suspension is effective immediately from the time of the announcement. The exchange's technical team is actively monitoring the status of the Polkadot network. Services will only be reinstated after a comprehensive assessment confirms that the network is operating securely and stably. A specific timeline for resumption will be communicated in a follow-up notice. All pending deposit or withdrawal requests accumulated during the suspension will be processed sequentially once services resume.

Upbit advises users to refrain from initiating any DOT-related deposits or withdrawals until the service is fully restored and to await further updates from the official channel.