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

Update Date: 2024-11-08 18:15

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

The inspection for stable deposit and withdrawal services has been completed.

Details are as follows.

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

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

• Resumption Scope: Target Digital Asset Deposits and Withdrawals

• Additional Resumption Scope: Cosmos (ATOM) Staking Application

Thank you for your patience.

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

Due to the scheduled network upgrade of Cosmos (ATOM), deposit and withdrawal support will be temporarily suspended from 2024.11.06 (Wed) 18:00 (KST) until the stability of the network upgrade is confirmed (further notice will be provided after the main announcement) (Article 17, Clause 1 of the Virtual Asset Usage Protection Act).

[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

• Suspension Scope: Target Digital Asset Deposits and Withdrawals

• Additional Impact Scope: Cosmos (ATOM) Staking Application Suspension

*View Cosmos (ATOM) Network Upgrade Related Notice

• Suspension Period: 2024-11-06 (Wed) 18:00 ~ Until the confirmation of Cosmos (ATOM) deposit and withdrawal stability, further notice will be provided

[Cautionary Notes]

• After the suspension point, ATOM deposits may not be reflected in the Upbit account, and recovery may not be possible in such cases. Please refrain from making deposits after the suspension point.

• During the suspension period, deposit returns for the relevant digital asset will be temporarily suspended, and will be processed sequentially after the resumption point.

• In case of suspension, delays may occur in deposit processing due to network congestion, and there may be a time difference between the completion of the transaction on the blockchain and the reflection in the deposit.

• Before or after the suspension point, deposits may occur on some blockchain networks, but due to system processing conditions, normal processing may not be possible during the inspection period, and after the inspection is completed, the confirmation process will be bypassed and processed sequentially, which may delay reflection in member accounts.

• In the case of unscheduled inspections such as monthly inspections, deposits may occur on some blockchain networks before or after the announcement, but due to system processing conditions, normal processing may not be possible during the inspection period, and after the inspection is completed, the confirmation process will be bypassed and processed sequentially, which may delay reflection in member accounts.

• In the event of special circumstances related to the resumption of deposit and withdrawal support, further notice will be provided through the main announcement.

• During the suspension period, Cosmos (ATOM) staking applications will be temporarily suspended. However, unstaking applications can be used normally, and the amount unstaked will be reflected after the resumption of deposit and withdrawal. (Validators operating on the Upbit are not affected by the suspension.)

[Frequently Asked Questions]

• ATOM deposits will be temporarily suspended, but ATOM trading will continue without interruption.

• Upbit plans to closely cooperate with the Cosmos team to ensure the safe protection of member assets, and in the event of additional or changed matters, further updates will be provided in the main announcement.

We ask for your understanding and cooperation 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 the investment.

*This information is automatically generated.