Upbit, a prominent cryptocurrency exchange based in Seoul, announced a temporary suspension of all deposits and withdrawals for the ZeroG (0G) token ahead of a planned network hard fork. The measure will take effect at 5:00 p.m. UTC on January 27, and spot trading for 0G pairs will continue during the upgrade. The suspension follows a standard security protocol adopted by major exchanges during forks, and Upbit will resume services only after confirming the stability and security of the upgraded 0G network, with no exact resumption time provided.
ZeroG is a blockchain project focused on high-throughput data storage and computation, and the upcoming fork is viewed as a milestone in its technical roadmap. Upbit’s listing of 0G suggests due diligence has been completed, adding credibility to the upgrade. While the decision aims to safeguard assets, it underscores the role of centralized platforms in decentralized networks, and users are advised to verify information through official channels to avoid phishing attempts. The incident highlights the maturation, security, and scalability challenges of blockchain ecosystems and calls for coordinated upgrades to ensure asset safety and market integrity.
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