[Upbit] Notice of Temporary Suspension of Cosmos (ATOM) Deposits and Withdrawals Due to Network Upgrade (02/26 18:00 ~)

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

Due to the scheduled network upgrade of Cosmos (ATOM), deposits and withdrawals will be suspended from 18:00 (KST) on Wednesday, February 26, 2025, until the network upgrade stability is confirmed (to be announced later through this notice) (Article 17(1)(a) of the Enforcement Decree of the Virtual Asset Users 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: Target digital asset deposits and withdrawals

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

*View Cosmos (ATOM) Network Upgrade Notice

Suspension period: 2025-02-26(Wed) 18:00 ~ Resumption of deposits and withdrawals will be announced through this notice after confirming Cosmos (ATOM) stability

[Important Notes]

• After the suspension of deposits and withdrawals, ATOM deposits may not be reflected in your Upbit account and may be unrecoverable. Please absolutely refrain from making deposits after the suspension time.

• During the suspension period, deposit return procedures and withdrawal address registration for the digital asset will be temporarily suspended and will be processed sequentially after deposits and withdrawals resume.

• When deposits and withdrawals are suspended, deposit processing may be delayed due to network congestion, and there may be differences between blockchain transaction confirmation time and deposit reflection time.

• Deposits and withdrawals may occur on some blockchain networks before or after the suspension point, but normal processing is not possible during the maintenance period due to our wallet system processing status. Processing will be sequential after maintenance ends, which may delay reflection in member accounts.

• For unscheduled maintenance such as wallet maintenance and network maintenance, deposits and withdrawals may occur on some blockchain networks before or after the notice, but normal processing is not possible during the maintenance period due to our wallet system processing status. Processing will be sequential after maintenance ends, which may delay reflection in member accounts.

• If there are any special circumstances regarding the resumption of deposits and withdrawals, we will notify you through this notice.

• During the suspension period, Cosmos (ATOM) staking applications will be temporarily suspended. However, unstaking applications will function normally, and unstaked amounts will be reflected after deposits and withdrawals resume. (Staking rewards and Upbit-operated validators are not affected by the suspension.)

[Frequently Asked Questions]

• While ATOM deposits and withdrawals are temporarily suspended, ATOM trading will continue without interruption.

• Upbit will work closely with the project team to safely protect members' assets, and if there are any additions or changes, we will update this notice.

We ask for your understanding regarding this measure to ensure safe deposits and withdrawals.

Thank you.

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

*This information is automatically generated.