South Korean exchange Upbit temporarily suspends WLD deposits and withdrawals for essential infrastructure upgrades.
In a significant operational move, the prominent South Korean cryptocurrency exchange Upbit announced on March 21, 2025, the temporary suspension of all deposit and withdrawal services for Worldcoin (WLD). This decisive action, attributed to essential wallet system maintenance, immediately impacted one of the platform’s most actively traded altcoins.
Upbit’s official notification cited wallet system maintenance as the sole reason for the pause. Importantly, spot trading for WLD pairs continued uninterrupted during this period, allowing users to buy and sell existing holdings. Typically, such maintenance windows involve security upgrades, node synchronization, or backend integration enhancements.
| Aspect | Upbit’s WLD Suspension | Standard Maintenance |
|---|---|---|
| Primary Reason | Wallet System Maintenance | Network Upgrade / Security Patch |
| Trading Impact | Spot Trading Continues | Often Continues |
| Typical Duration | Hours to a Few Days | Hours to a Few Days |
Founded by OpenAI’s Sam Altman, Worldcoin aims to create a global digital identity network using the “Orb” to scan irises for a unique World ID. South Korea represents one of the world’s most active retail crypto environments; therefore, any disruption in accessibility on a top-tier Korean exchange carries significant weight.
Q1: Can I still trade Worldcoin (WLD) on Upbit during this suspension?
A1: Yes. Upbit’s announcement specified that only deposit and withdrawal services are suspended. Spot trading for WLD pairs continues normally.
Q2: How long will the Upbit WLD wallet maintenance last?
A2: The announcement did not specify an exact duration. Such maintenance typically lasts from a few hours to several days.
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