Upbit Suspends ATOM Deposits and Withdrawals for Cosmos Network Upgrade

Financal Services
Author

author: CryptoNews

date: November 07, 2025

1 min. read

Upbit, a leading South Korean cryptocurrency exchange, has announced a temporary suspension of deposits and withdrawals for Cosmos (ATOM) tokens. This measure is scheduled to take effect at 18:00 on October 10th, Korean Standard Time. Reason for the ATOM Suspension The suspension is directly related to the planned Cosmos (ATOM) network upgrade. These upgrades are essential for maintaining the security, efficiency, and functionality of the blockchain network. During the upgrade process, depositing and withdrawing ATOM could lead to potential complications or loss of funds. What to Expect During the Suspension Upbit has stated that trading of ATOM will not be affected by the suspension. Users can continue to buy and sell ATOM on the exchange. The suspension will remain in place until the Cosmos network upgrade is complete and deemed stable. Upbit will provide a further announcement regarding the resumption of ATOM deposit and withdrawal services. Users are advised to stay informed through Upbit's official channels. ```