[Upbit] Notice of Temporary Suspension of Cosmos (ATOM) Deposits and Withdrawals Due to Network Upgrade (01/29 18:00 ~)

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

Due to the upcoming network upgrade of Cosmos (ATOM), deposits and withdrawals will be suspended from 2025.01.29 (Wed) 18:00 (KST) until the stability of the network upgrade is confirmed (further notice will be provided through this announcement) (Article 17, Paragraph 1, Subparagraph 1 of the Enforcement Decree of the Virtual Asset User Protection Act).

[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: Deposits and withdrawals of the target digital asset

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

*[View Details on Cosmos (ATOM) Network Upgrade](https://www.mintscan.io/cosmos/proposals/987)

• Suspension Period: 2025-01-29 (Wed) 18:00 \~ Until the stability of Cosmos (ATOM) deposits and withdrawals is confirmed, further notice will be provided through this announcement

[Important Notes]

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

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

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

• 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 will be processed sequentially after the inspection is completed, so there may be delays in reflecting it in the member account.

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

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

• 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 will continue without interruption.

• Upbit plans to closely cooperate with the project team to safely protect your assets, and if any additional or changes occur, we will provide updates through this announcement.

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.