Upbit Suspends ATOM Deposits and Withdrawals for Network Upgrade
CryptoNewsTerminal Staff04 Jun, 2024
Upbit Suspends ATOM Deposits and Withdrawals for Network Upgrade
Upbit has announced that it will temporarily suspend deposits and withdrawals of Cosmos (ATOM) from 6 p.m. (KST) on June 5th due to a network upgrade. The suspension is expected to last for several hours, and Upbit will provide updates on its progress via its official website and social media channels. This suspension is necessary for Upbit to upgrade its systems to support the latest version of the Cosmos blockchain. During the suspension, users will not be able to deposit or withdraw ATOM from Upbit. However, trading of ATOM will not be affected. Upbit has advised users to complete all ATOM deposits and withdrawals before the suspension begins. Any ATOM deposits or withdrawals that are initiated after the suspension begins will be processed once the upgrade is complete. We apologize for any inconvenience this suspension may cause. We will provide updates on the upgrade's progress and the estimated time of completion via our official website and social media channels.
