The post Critical Maintenance Halts Deposits And Withdrawals On April 2 appeared on BitcoinEthereumNews.com.

SEOUL, South Korea – March 31, 2025: Major South Korean cryptocurrency exchange Upbit has announced a critical, temporary suspension of all deposit and withdrawal services for the Stacks (STX) token. This operational pause begins precisely at 9:00 a.m. UTC on Wednesday, April 2, 2025. Consequently, the exchange will temporarily halt all inbound and outbound STX transactions. This move forms part of a scheduled network maintenance and wallet system upgrade. Upbit routinely executes these procedures to bolster security and ensure system stability for its vast user base. Upbit STX Suspension: Timeline and Operational Details Upbit communicated the suspension details through an official notice on its website and user application. The halt affects only the STX token’s deposit and withdrawal functions. Importantly, trading for STX against Korean Won (KRW) and Bitcoin (BTC) will continue uninterrupted on the platform during this period. Therefore, users can still execute buy and sell orders for STX. The exchange has not specified an exact end time for the maintenance. However, it stated that services will resume once the wallet system upgrade concludes successfully. Historically, similar maintenance windows by Upbit have lasted between two to six hours. The exchange advises users to complete any urgent STX transfers before the 9:00 a.m. UTC deadline on April 2. Understanding the Stacks (STX) Network and Maintenance Needs Stacks is a unique layer-1 blockchain that brings smart contracts and decentralized applications to Bitcoin. Essentially, it enables developers to build applications that leverage Bitcoin’s security and capital. The STX token powers this ecosystem, used for transaction fees, executing smart contracts, and stacking to earn Bitcoin rewards. Periodic network upgrades and hard forks are common in blockchain development. These events often necessitate temporary halts on centralized exchanges. Exchanges like Upbit must synchronize their internal systems with the latest blockchain protocol. This synchronization ensures all…

---

Filed under: News - @ March 31, 2026 6:28 am