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Woofun AI reports that Upbit has initiated a temporary suspension of deposit and withdrawal services for Stacks (STX). This operational halt targets the Bitcoin-layer token, effectively freezing external fund movements while internal exchange operations continue under review.
The service interruption is scheduled to commence precisely at 12:00 a.m. UTC on July 29. During this window, all incoming and outgoing STX transactions will be blocked, with no specific resumption time currently disclosed by the exchange.
Structurally, this pause correlates with the recent Nakamoto upgrade on the Bitcoin network. Stacks facilitates smart contracts and decentralized applications on Bitcoin, and the upgrade introduced faster block times and enhanced security protocols.
Woofun AI data shows such technical alignments often necessitate brief exchange-side maintenance to ensure transaction integrity.
While external transfers are frozen, STX trading pairs may remain active unless explicitly stated otherwise. Users are advised to monitor Upbit’s official channels for updates and complete pending transactions before the cutoff to avoid delays.