Upbit to suspend ATOM transfers on Aug. 5 for Cosmos upgrade

The exchange said deposits and withdrawals will pause from 9:00 a.m. UTC as it supports a network upgrade on Cosmos.

ATOM

Summary

Upbit said it will temporarily halt ATOM deposits and withdrawals starting at 9:00 a.m. UTC on Aug. 5 to support a Cosmos network upgrade. Such pauses are standard when exchanges prepare for blockchain changes, helping reduce the risk of transaction issues during the update.

Terms & Concepts
  • ATOM: Native token of the Cosmos network.
  • network upgrade: Blockchain update that can change functionality or performance.