Temporary suspension of Deposit/Withdrawal service for LSK due to Network Transition (05/17 18:00 ~)

Dear Upbit users,

The Deposit/Withdrawal service for LSK will be suspended due to the network transition from the Lisk Mainnet to the Ethereum-based L2 network(Lisk L2).

Additionally, the existing Lisk Mainnet, under the leadership of the community team Klayr, is planned to launch as a new network.Upbit will support the airdrop of KLY, an asset generated through this process, and detailed information about the airdrop will be provided through a separate announcement.

• Reference: [Trade] Lisk(LSK) Network Transition and Investment Caution Notice
• Reference: Initial Announcement Regarding LSK's Migration to an Ethereum-based L2
• Reference: Overview of LSK's Migration to an Ethereum-based L2
• Reference: Announcement Related to LSK's Snapshot and Migration
• Reference: Introduction to Klayr Team's New L1

[LSK Network Transition Details]

• Network Transition: Lisk → Lisk L2
• Snapshot Time: Scheduled for 5/21 at 16:00 KST (Block height 24,823,618)
• Additional Issuance Allocation: Total 246,800,000 LSK (30,000,000 LSK: Investors, 15,000,000 LSK: Operations, 201,800,000 LSK: Community)*The snapshot is based on block height, and the timing is an estimate by the foundation and may change depending on network conditions.*Each category is subdivided, and vesting conditions vary by subcategory. Some items may have allocation changes subject to additional DAO votes.*For more details on additional issuance, please refer to the foundation's guide.

[Deposit/Withdrawal Suspension Details]

• Lisk(LSK) Deposit/Withdrawal Suspension Time: Scheduled for 2024-05-17 (Fri) 18:00 KST*The procedures for returning deposits for LSK will be temporarily suspended during the period of deposit/withdrawal service suspension.*The resumption timing for Lisk(LSK) deposit/withdrawal service will be updated through a separate announcement.

[Notes]

• In the event of a suspension, delays in deposit processing may occur due to network congestion, and there may be discrepancies between the transaction confirmation time on the blockchain network and the reflection time of the deposit.
• Deposits and withdrawals may occur before or after the suspension timing on some blockchain networks, but normal processing will not be possible during the inspection period, and after the inspection is completed, processing will be done sequentially after the verification process, which may delay the reflection in user accounts.
• Deposits of LSK made after the deposit/withdrawal suspension will not be included in the network transition, so please do not deposit Lisk(LSK) after the suspension.
• After the network transition work of Lisk(LSK) is completed, the LSK deposit address will change. Therefore, it is mandatory to obtain a new deposit address after the network transition is completed.

[Frequently Asked Questions]

• Although deposits and withdrawals of Lisk(LSK) will be temporarily suspended, trading of Lisk(LSK) will remain possible.
• Upbit will work closely with the Lisk team to ensure the secure protection of users' assets. Any further changes or updates will be included in this notice.

We ask for your understanding in the measures taken to support safe deposits and withdrawals.

Thank you.

※ Digital assets are highly volatile and your investment may result in significant loss.※ If there is any discrepancy between the translated English version and the original Korean version, the Korean version shall prevail.