Upbit will suspend deposits and withdrawals of digital assets of 1 million Korean won or more with BitMEX

Upbit's official announcement states that due to BitMEX terminating the integration of the travel rule solution VerifyVASP, Upbit will suspend deposits and withdrawals of digital assets of 1 million Korean Won and above with BitMEX starting from October 16. Deposits below 1 million Korean Won will continue to be supported as usual.

Manual deposits of over 1 million Korean Won from BitMEX to Upbit will cease at 14:00 on December 18, and any similar assets credited thereafter will enter the refund process, which users must follow to retrieve.