/ eth

Exchange Update: Customers with Ethereum Stored on GDAX

For Coinigy users with Ethereum (ETH) balances stored on Coinbase/GDAX, they have recently released some important information regarding the upcoming hard fork of the ETH network. You can find the entirety of the blog post from Coinbase’s site pasted below:

We wanted to give our customers an update regarding the current status of the Ethereum (ETH) network and the upcoming ETH hard fork.

In order to protect against denial-of-service (DOS) attacks, the Ethereum foundation plans to promote a hard fork of the ETH network on Tuesday, October 18, 2016 PDT. This will likely cause ETH network instability for a period of time. Customers should expect delays to ETH deposits and withdrawals from Coinbase for up to the next 7 days. All customer ETH funds will be safely secured on Coinbase during this period.

In order to ensure the integrity of all customers’ ETH transactions, Coinbase will temporarily suspend deposits and withdrawals from all customer ETH wallets starting Monday, October 17, 2016 at 6 P.M. PDT. As soon as possible after the fork, Coinbase will resume support for deposits and withdrawals of ETH.

Please be advised that Coinbase will support only one fork of the ETH protocol which we determine, at our sole discretion, best reflects the consensus approach. We will not support any other fork of the ETH protocol. If you wish to transact on alternative forked chains, please withdraw your ETH from the Coinbase platform no later than Monday, October 17, 2016 at 12 P.M. PDT.

Customers may continue to store and trade ETH, as well as engage in ETH transactions with other Coinbase users during the suspension period. Please check our Twitter account for real-time updates. Additional information may also be found on our status page.

Coinbase will delay ethereum classic (ETC) withdrawal support until after the ETH hard fork is resolved. Customers eligible to withdraw can follow our Twitter account for updates.

If you have any questions, please do not hesitate to reach out to Coinbase’s support team.

matt

matt

Matt Thompson is a Coinigy team member working on community management and business development. He is currently a management information systems and finance student at Penn State University.

Read More
Exchange Update: Customers with Ethereum Stored on GDAX
Share this

Subscribe to Coinigy Insights