South Korean cryptocurrency exchange Upbit has announced that it will temporarily suspend Pharos deposits and withdrawals ($PROS) token, scheduled for July 26th at 3:00 AM UTC. This outage is believed to be due to a planned hard fork on the Pharos blockchain.
Pause schedule and scope
According to Upbit’s official notification, the outage will begin on July 26th at 3am UTC. The exchange has not specified an exact end time, but has said that services will be resumed once the hard fork is complete and the network is deemed stable. During this period, $PROS Trading pairs on Upbit may continue to work, but users will no longer be able to deposit or withdraw tokens.
Understanding the Pharos hard fork
A hard fork represents a significant protocol upgrade that is not backward compatible with previous versions. In the case of Pharos ($PROS), this fork may introduce new features, security enhancements, or changes to the network’s consensus mechanism. Exchanges like Upbit typically suspend their services during such events to prevent transaction errors, replay attacks, and loss of user funds.
what this means $PROS trader
For users who have $PROS At Upbit, the key action is to be aware of the timeline. Deposits initiated immediately before the pause may not be deposited until the fork is complete. Withdrawals requested during the suspension will also be queued. Traders who need to move $PROS Transfers to another wallet or exchange must be made well in advance of the 3:00 AM UTC deadline. Upbit will make an announcement regarding the resumption of service once it is confirmed that the network upgrade is stable.
conclusion
Pause Upbit $PROS Deposits and withdrawals are a standard precaution during blockchain hard forks. Users should plan their trades accordingly and monitor Upbit’s announcements for the exact reopening date. This event will highlight operational steps that exchanges take to maintain network integrity during protocol upgrades.
FAQ
Q1: I $PROS Are suspended tokens safe?
yes. your $PROS Tokens held on Upbit remain safe and can be accessed for transactions. Only deposits and withdrawals will be temporarily disabled.
Q2: Can I still trade? $PROS What about Upbit during a hard fork?
yes. Trading on Upbit is expected to continue as usual during the suspension. Suspension only affects deposits and withdrawals.
Q3: How will I know when service is restored?
Once the hard fork is complete and the network is stable, Upbit will make another announcement. Users should check Upbit’s official bulletin board for the latest information.
