[Upbit] Notice of Temporary Suspension of Cosmos (ATOM) Deposits and Withdrawals Due to Network Upgrade (Completed)

Update Date: 2025-02-13 10:39

Hello. This is Upbit, the most trusted global standard digital asset exchange.

The inspection for stable deposit and withdrawal service support has been completed.

The detailed information is as follows.

[Notice on Resumption of Cosmos (ATOM) Deposits and Withdrawals]

• Target Digital Asset: Cosmos (ATOM) - Cosmos Hub Network

• Scope of Resumption: Deposits and withdrawals of the target digital asset

• Additional Resumption Scope: Cosmos (ATOM) staking application

Thank you for your patience.

Hello. This is Upbit, the most trusted global standard digital asset exchange.

Due to the scheduled network upgrade of Cosmos (ATOM), support for deposits and withdrawals will be suspended from 2025.02.12 (Wed) 18:00 (KST) until the stability of the network upgrade is confirmed (to be announced later through this notice) (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph 1).

[Notice on Temporary Suspension of Cosmos (ATOM) Deposits and Withdrawals]

• Reason for Suspension: Cosmos (ATOM) network upgrade

• Target Digital Asset: Cosmos (ATOM) - Cosmos Hub Network

• Scope of Suspension: Deposits and withdrawals of the target digital asset

• Additional Impact Scope: Suspension of Cosmos (ATOM) staking application

*View Cosmos (ATOM) Network Upgrade Notice

Suspension Period: 2025-02-12 (Wed) 18:00 ~ Until the stability of Cosmos (ATOM) deposits and withdrawals is confirmed, resumption will be announced through this notice

[Precautions]

• If ATOM is deposited after the suspension of deposit and withdrawal support, it may not be reflected in your Upbit account, and in such cases, recovery may not be possible. Please be careful not to deposit after the suspension of deposit and withdrawal support.

• During the suspension period, the deposit return procedure for the relevant digital asset will be temporarily suspended and will be processed sequentially after the resumption of deposit and withdrawal support.

• If a suspension of deposits and withdrawals occurs, there may be delays in deposit processing due to network congestion, and there may be a difference between the confirmation time of the transaction on the blockchain network and the time it is reflected in the deposit.

• Deposits and withdrawals may occur on some blockchain networks before or after the suspension period, but normal processing is not possible during the inspection period according to our wallet system processing situation, and it will be processed sequentially after the inspection is completed, so there may be a delay in reflecting it in the member account.

• In the case of unscheduled inspections such as wallet inspections and network inspections, deposits and withdrawals may occur on some blockchain networks before or after the notice, but normal processing is not possible during the inspection period according to our wallet system processing situation, and it will be processed sequentially after the inspection is completed, so there may be a delay in reflecting it in the member account.

• If any special circumstances occur regarding the resumption of deposit and withdrawal support, we will inform you through this notice.

• During the suspension period, Cosmos (ATOM) staking applications will be temporarily suspended. However, unstaking applications can be used normally, and the unstaked amount will be reflected after the resumption of deposits and withdrawals. (Staking rewards and validators operated by Upbit are not affected by the suspension of deposits and withdrawals.)

[Frequently Asked Questions]

• Although ATOM deposits and withdrawals are temporarily suspended, ATOM trading is supported without interruption.

• Upbit plans to closely cooperate with the project team to safely protect your assets, and if there are any additional or changes, we will update this notice.

We ask for your understanding as this is a measure for safe deposit and withdrawal support.

Thank you.

※ Virtual assets are high-risk products and may result in the loss of all or part of your investment.

*This information is automatically generated.