[Upbit] Notice of Temporary Suspension of Cosmos (ATOM) Deposits and Withdrawals Due to Network Upgrade (02/12 18:00 ~)

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

Due to the upcoming network upgrade of Cosmos (ATOM), deposit and withdrawal support will be suspended from 18:00 (KST) on February 12, 2025, until the stability of the network upgrade is confirmed (to be announced through this notice later) (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph A).

[Notice Regarding 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: Deposit and withdrawal of the target digital asset

• Additional impact scope: Suspension of Cosmos (ATOM) staking applications

*[View Notice Regarding Cosmos (ATOM) Network Upgrade](https://github.com/cosmos/gaia/blob/v22.1.0/CHANGELOG.md)

Suspension period: 2025-02-12 (Wed) 18:00 ~ Until the stability of Cosmos (ATOM) deposits and withdrawals is confirmed, a notice will be provided to resume deposit and withdrawal support

[Precautions]

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

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

• In the event of a suspension of deposits and withdrawals, there may be delays in deposit processing due to network congestion, and there may be a difference between the time of transaction confirmation on the blockchain network and the time of deposit reflection.

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

• 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 processing may be delayed in reflecting on member accounts as it will be processed sequentially after the inspection is completed.

• If there are any special circumstances related to 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 work closely with the project team to safely protect your assets, and if there are any additional changes, we will update this notice accordingly.

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.