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

Update Date: 2025-01-30 19:12

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

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

• Additional Resumption Scope: Application for Cosmos (ATOM) Staking

Thank you for your patience.

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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 2025.01.29 (Wed) 18:00 (KST) until the stability of the network upgrade is confirmed (to be announced through this notice later) (Article 17, Paragraph 1, Subparagraph A of the Enforcement Decree of the Virtual Asset User 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: Deposits and withdrawals of the target digital asset

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

*View Notice on Cosmos (ATOM) Network Upgrade

• Suspension Period: 2025-01-29 (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 point, it may not be reflected in the Upbit account, and recovery may not be possible in such cases. Please be careful not to deposit after the suspension point.

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

• In case of 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 processing may be delayed 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 as it will be processed sequentially after the inspection is completed.

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

• During the suspension period, the application for Cosmos (ATOM) staking will be temporarily suspended. However, the unstaking application is available as usual, 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 ensure the safe protection of your assets, and if any additional or changes occur, 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 is automatically generated information.