Upbit Temporarily Halts STX Deposits Amid Network Updates

South Korea's largest cryptocurrency exchange, Upbit, has announced that it will temporarily suspend deposits and withdrawals of Stacks (STX) on July 29. The halt is scheduled to begin at 12:00 a.m. UTC and may be related to the recent Nakamoto upgrade, which introduced faster block times and improved security.

The suspension will affect all STX deposit and withdrawal services, but trading pairs involving STX may remain active unless otherwise specified by Upbit. The exchange has not provided a specific end time for the pause, advising users to monitor further announcements for updates.

This temporary halt is likely a standard operational measure implemented during network upgrades or protocol changes. Stacks is known for enabling smart contracts and decentralized applications on Bitcoin.