Why did Upbit suspend OSMO deposits and withdrawals?

Upbit suspended transfers because the Osmosis Chain, the Cosmos-based Layer 1 network hosting OSMO, stopped producing blocks, which makes deposit and withdrawal transactions unsafe to process.

Is OSMO spot trading still available on Upbit?

Yes. The suspension covers only on-chain deposits and withdrawals; spot trading of OSMO on Upbit continues as normal.

What is the Osmosis Chain?

The Osmosis Chain is a Cosmos-based Layer 1 blockchain built around decentralized exchange functionality, and OSMO is its native token.

When will OSMO deposits and withdrawals resume on Upbit?

Upbit has not given a restart time. Transfers typically resume once the Osmosis Chain is producing blocks again and the exchange deems the network stable.

What does a blockchain stopping block production mean for holders?

While block production is halted, on-chain transactions cannot be confirmed, so exchanges pause deposits and withdrawals until the network recovers; trading on the exchange itself can continue.

〽️NEUTRAL 18m ago

WuBlockchain

OSMO transfers halted on Upbit as Osmosis Chain stops blocks

Spot trading stays open while the Cosmos-based Layer 1 works through its outage, a standard safeguard from the venue until block production resumes.

Zipp Editorial Aggregated from WuBlockchain

OSMO transfers halted on Upbit as Osmosis Chain stops blocks

Upbit, South Korea's largest cryptocurrency exchange by trading volume, has temporarily suspended deposits and withdrawals of Osmosis (OSMO) after the Osmosis Chain stopped producing blocks. Spot trading of OSMO remains unaffected.

Why it matters

The pause is a routine safeguards move rather than an exchange-side problem: while a blockchain is not producing blocks, on-chain transactions cannot be confirmed, so venues freeze deposits and withdrawals until the network stabilizes. Upbit has not set a restart time; transfers typically resume once block production is back and the chain is deemed stable.

Osmosis is a Cosmos-based Layer 1 built around decentralized exchange functionality, and OSMO is its native token. For OSMO holders, the practical read is that exchange trading remains available, but moving tokens on or off Upbit waits on the network's recovery.

Source: [오스모시스(OSMO) 입출금 일시 중단 안내 — 업비트(Upbit)](https://www.upbit.com/service_center/notice?id=6770&view=share)

$OSMO #Upbit #Osmosis #Cosmos

Frequently asked questions

Why did Upbit suspend OSMO deposits and withdrawals?

Upbit suspended transfers because the Osmosis Chain, the Cosmos-based Layer 1 network hosting OSMO, stopped producing blocks, which makes deposit and withdrawal transactions unsafe to process.
Is OSMO spot trading still available on Upbit?

Yes. The suspension covers only on-chain deposits and withdrawals; spot trading of OSMO on Upbit continues as normal.
What is the Osmosis Chain?

The Osmosis Chain is a Cosmos-based Layer 1 blockchain built around decentralized exchange functionality, and OSMO is its native token.
When will OSMO deposits and withdrawals resume on Upbit?

Upbit has not given a restart time. Transfers typically resume once the Osmosis Chain is producing blocks again and the exchange deems the network stable.
What does a blockchain stopping block production mean for holders?

While block production is halted, on-chain transactions cannot be confirmed, so exchanges pause deposits and withdrawals until the network recovers; trading on the exchange itself can continue.

Source attribution

Aggregated from WuBlockchain · Verified · Last refreshed 18m ago

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