Upbit Temporarily Suspends ThunderCore Litecoin Deposits Withdrawals for Maintenance July 31 2025 14:00 UTC

Upbit has announced a temporary suspension of deposits and withdrawals for ThunderCore (TT) and Litecoin (LTC) effective from 14:00 UTC on July 31, 2025. The move, attributed to scheduled wallet system maintenance, aims to enhance security protocols, optimize performance, and ensure compatibility with blockchain network updates. While trading of TT and LTC pairs will remain operational during the suspension, users will be unable to transfer these assets in or out of the exchange. The maintenance is described as a routine measure to safeguard user assets and maintain platform stability, with no indication of delisting or systemic instability [1].

The suspension underscores common practices in the cryptocurrency exchange sector, where temporary service interruptions are often conducted to address technical upgrades or security enhancements. Such actions are typically communicated well in advance to minimize user disruption. According to COINOTAG, these maintenance periods are critical for long-term platform reliability, as they allow exchanges to patch vulnerabilities, adapt to evolving blockchain standards, and improve transaction efficiency [1]. Upbit’s proactive approach aligns with industry norms, reflecting a commitment to operational excellence and user trust.

Users holding TT or LTC on Upbit are advised to complete transfers before the suspension begins or wait for services to resume. During the maintenance period, funds stored on the exchange remain secure, as the suspension does not affect trading activities or asset custody. However, urgent transfers may require alternative platforms, though users are urged to prioritize official channels to avoid risks of misinformation or fraud. Regular updates from Upbit will provide clarity on the maintenance duration and service restoration timelines [1].

The broader context of such suspensions highlights the dynamic nature of the crypto ecosystem. Exchanges frequently pause services for reasons ranging from protocol upgrades to regulatory adjustments or incident responses. These pauses are designed to mitigate risks such as network congestion or security breaches, which could otherwise compromise user assets. While short-term inconveniences are inevitable, the long-term benefits of enhanced security and system resilience are emphasized by industry analysts [1].

For users, the key takeaway is the importance of proactive planning. Enabling two-factor authentication, monitoring official announcements, and avoiding impulsive transactions during suspension periods are recommended strategies. Additionally, understanding the rationale behind exchange maintenance—such as Upbit’s focus on compatibility with blockchain updates—can help users contextualize temporary disruptions. The COINOTAG analysis further notes that these measures are a necessary trade-off for maintaining a secure and efficient trading environment [1].

Post-maintenance, Upbit is expected to restore TT and LTC deposit and withdrawal services without major complications. Historical precedents suggest smooth resumptions, often accompanied by improved transaction speeds and system stability. Users are encouraged to stay informed via official channels to align their activities with the restored service timeline. While the temporary suspension may cause logistical adjustments, it ultimately reinforces Upbit’s role as a reliable custodian of digital assets [1].

Source: [1] [Upbit May Temporarily Suspend Litecoin Deposits and Withdrawals for Wallet Maintenance] [https://en.coinotag.com/upbit-may-temporarily-suspend-litecoin-deposits-and-withdrawals-for-wallet-maintenance/]