Upbit, the South Korean cryptocurrency exchange, has announced the temporary suspension of deposits and withdrawals for ThunderCore (TT) and Litecoin (LTC) holdings. This move is part of Upbit’s commitment to maintaining the security of user funds through practices such as cold storage, multi-signature wallets, routine audits, insurance coverage, and advanced encryption.
Reasons Behind Upbit’s Suspension:
The suspension of TT and LTC services is due to Upbit’s scheduled wallet system maintenance aimed at enhancing security measures and implementing system upgrades. The suspension is set to commence at 14:00 UTC on July 31.
Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism.
With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.
