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I noticed that a major exchange has halted deposits and withdrawals for ARDR and IGNIS due to the Ardor network hard fork. They did this for security reasons while upgrading the network.
So basically, if you hold these tokens on the exchange, you cannot remove or add to your holdings during the ongoing upgrade. But trading within the platform itself is still possible, which is good. This hard fork is a major update to the blockchain protocol — different from soft forks, which are still compatible.
It's interesting to see how serious exchanges are about this process. Testing in isolated environments first, security audits, wallet custody updates — all of these are to protect users' assets. Here in South Korea, many people are offering ARDR and IGNIS, so the impact is significant.
The timeline started with the suspension on February 2, and services will resume once all balances are verified on the new chain. Usually, this takes just a few hours, but it depends on the technical complexity.
If you have ARDR or IGNIS, no action is needed on your part — the exchange will handle the migration automatically. Your holdings are safe and will be compatible with the upgraded network.
It's exciting to see the crypto industry infrastructure growing. The process is organized, and communication is transparent — signs of market maturity. How do you see these kinds of upgrades?