According to an official announcement from Upbit today, the exchange will temporarily suspend LUNC (Luna Classic) deposits and withdrawals starting at 12:00 PM on September 18, 2024, due to a planned network upgrade.

Upbit to Suspend LUNC Deposits and Withdrawals Due to Network Upgrade

The suspension will remain in effect until the network upgrade is confirmed to be stable. Upbit assures users that LUNC trading will not be affected during this period and services will resume as soon as the upgrade is successfully completed.

Upbit advises users to plan accordingly and stay tuned for updates regarding the resumption of deposit and withdrawal services.

What is Terra Classic (LUNC)?

Terra Classic (LUNC) is the name given to the negative blockchain that resulted from the fork of the Terra blockchain in May 2022. The Terra blockchain is a decentralized blockchain protocol that allows users to create stablecoins.

The Terra Classic blockchain allowed its users to instantly create, accumulate, buy, sell or exchange Terra Classic stablecoins.

It is not investment advice.