Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
GAS 
MBL 
NEO 
ONG 
ONT Upbit will suspend the recharge and withdrawal of five tokens on August 26.
South Korean cryptocurrency exchange Upbit announced that it will temporarily suspend the recharge and withdrawal services of five digital assets: NEO, GAS, ONT, ONG and MBL starting from 13:00 UTC on August 26. The exchange said the maintenance window was due to upgrades to NEO N3 and Ontology web wallets.
Why Upbit suspended these tokens
This suspension has nothing to do with the exchange's own problems, but stems from upgrades at the network level. NEO N3 is the latest version of the NEO blockchain that introduces improved smart contract capabilities, enhanced governance mechanisms, and higher transaction throughput. Similarly, the Ontology network continues to develop to support decentralized identity and data solutions.
Wallet upgrades are regular but necessary actions performed by exchanges to remain compatible with protocol changes. During such upgrades, top-ups and withdrawals are usually suspended to prevent transactions from being processed on outdated wallet versions and avoid financial losses or network errors. During maintenance, trading of these tokens on Upbit will proceed as usual.
User Notes
Upbit recommends that users plan transfers in advance, as suspension will affect the recharge and withdrawal of listed tokens. Maintenance is expected to end after the network upgrade is completed, but the exchange has not announced the specific recovery time. Based on past experience, such pauses typically last from several hours to a full day, depending on network conditions.
For traders and investors holding these assets, the key is to avoid initiating any NEO, GAS, ONT, ONG or MBL transfers during the maintenance window. Transactions initiated before the deadline may be delayed or rejected. Once the upgrade is complete, Upbit is likely to announce the resumption of service through official channels.
Impact on Markets and Users
Although temporary suspensions are common in the cryptocurrency industry, they may impose short-term liquidity restrictions on affected tokens. However, as transactions are still ongoing, price discovery is not expected to be significantly affected. For users who rely on arbitrage or cross-exchange transfers, the suspension may cause temporary inconvenience.
This incident also highlights the importance of focusing on exchange maintenance arrangements, especially for active traders. Network upgrades are a reflection of the continued development of the blockchain ecosystem, and exchanges must adapt to changes to maintain security and functionality.
Conclusion
Upbit suspended the recharge and withdrawal of NEO, GAS, ONT, ONG and MBL on August 26 as a precautionary measure to ensure the compatibility of wallets with NEO N3 and Ontology network upgrades. Users should avoid transferring these tokens during the maintenance window and pay attention to Upbit's official announcements for the latest information. Although the suspension may cause minor inconvenience, it is a standard operating procedure to support the long-term healthy development of the network.
Frequently Asked Questions
Question 1: Will transactions of NEO, GAS, ONT, ONG, and MBL be affected during the suspension period?
Answer: No. Transactions on Upbit will proceed normally, and the recharge and withdrawal of these tokens will only be temporarily suspended.
Q2: How long will the pause last?
Answer: Upbit has not given an exact recovery time, which depends on the completion of NEO N3 and Ontology network wallet upgrades. Please pay attention to the official announcement.
Question 3: What should I do if I have pending orders for these tokens?
Answer: Transactions initiated before the suspension may be delayed or rejected. It is recommended to wait for the service to resume and check the status of pending transactions through Upbit's support channels.
