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PROS Upbit will suspend PROS withdrawals on July 26 to support Pharos hard forks.
South Korean cryptocurrency exchange Upbit announced that it will temporarily suspend the recharge and withdrawal services of Pharos (PROS) tokens starting from 3:00 a.m. UTC on July 26. The suspension stems from a hard-fork upgrade planned by Pharos blockchain.
Suspension Time and Scope
According to Upbit's official announcement, the suspension will begin at 3:00 a.m. UTC on July 26. The exchange did not specify the recovery time, saying it would reopen the service after the hard fork is completed and the network is stable. During this period, PROS transaction pairs on Upbit may continue to run, but users will not be able to recharge and withdraw funds.
Understand Pharos hard fork
A hard fork is a major protocol upgrade that is incompatible with older versions. For Pharos (PROS), this fork could introduce new features, security enhancements or changes to the network consensus mechanism. To prevent transaction errors, replay attacks, or loss of user assets, exchanges such as Upbit often suspend services during such incidents.
Impact on PROS traders
Upbit users holding PROS should pay attention to the time node: recharge requests initiated before the suspension may not arrive before the fork is completed; withdrawals applied during the suspension will be queued for processing. If you need to transfer PROS to another wallet or exchange, please be sure to complete the operation before the deadline of 3:00 UTC time. Upbit will announce the time for service restoration after the network upgrade is confirmed to be stable.
Summary
Upbit's suspension of PROS withdrawals is a regular precaution during blockchain hard forks. Users should plan transactions in advance and pay close attention to Upbit announcements to get accurate recovery times. This incident also reflects the operational steps taken by the exchange to maintain network integrity during the protocol upgrade process.
FAQs
Question: Is my PROS token safe during the suspension?
Yes. The PROS tokens you hold on Upbit are safe and can still be used for transactions, with only the recharge and withdrawal functions temporarily turned off.
Q: Can I still trade PROS on Upbit during a hard fork?
Yes. During the suspension period, transactions on Upbit are expected to proceed normally and will only affect recharge and withdrawal.
Q: How do I know when service will resume?
Upbit will issue a separate announcement after the hard fork is completed and the network is stable. Users can check Upbit's official bulletin board for the latest information.
