MarketPR
South Korea's largest cryptocurrency exchange, Upbit, has halted Zcash ($ZEC) withdrawals while it runs a scheduled wallet upgrade. Deposits remain available as normal; only outbound transfers are frozen.
Upbit confirmed the action through its official notice system without specifying when full access would return.
The Mechanics Behind the Pause Exchanges supporting privacy-focused assets like Zcash — a cryptocurrency built around shielded, anonymized transactions — perform periodic wallet upgrades as standard practice.
Pausing withdrawals during that window is an operational precaution: live outflows during a wallet software change carry the risk of transactions dispatched against an environment that is no longer fully consistent.
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