Upbit Suspends ATOM Deposits & Withdrawals Due to Network Upgrade

21 March, 2025, 07:29 AM

Upbit, a leading South Korean cryptocurrency exchange, has announced a temporary suspension of Cosmos (ATOM) deposits and withdrawals. This measure is being implemented in response to a scheduled network upgrade of the Cosmos blockchain. According to the official announcement on Upbit's website, the suspension took effect on March 26th at 18:00 (KST). The exchange has stated that the temporary halt is necessary to ensure the stability and security of user funds during the upgrade process. While Upbit has not provided a specific timeline for the resumption of ATOM deposits and withdrawals, they have assured users that they will closely monitor the network upgrade and reinstate these services as soon as the network is deemed stable and secure. Users are advised to stay updated through Upbit's official announcements for further information. ```