Cosmos (ATOM) transfers paused at Bithumb for upgrade

Cosmos (ATOM) transfers paused at Bithumb for upgrade

Cosmos (ATOM) deposit and withdrawal suspension: February 18, 6:00 PM

As reported by BitcoinWorld, Cosmos (ATOM) deposits and withdrawals will be temporarily suspended on an exchange starting February 18 at 6:00 PM. The action pertains to exchange-side wallet services and should not be conflated with the broader health of the Cosmos Hub network.

The announcement concerns funding flows to and from the venue; trading functionality is a separate service layer governed by the exchangeโ€™s matching engine. Deposits initiated during the window may not be credited until the service resumes.

Why exchanges pause transfers: Cosmos Hub network upgrade safety

Exchanges routinely pause token transfers around major network upgrades to mitigate reconciliation risk and protect customer assets. According to BloFinโ€™s support notice on prior Cosmos upgrades, deposit and withdrawal services are suspended to ensure wallet and node compatibility while upgrade changes are validated.

The context for this pause is a temporary service change specific to Cosmos (ATOM). โ€œNotice of Temporary Suspension of Cosmos (ATOM) Deposits and Withdrawals (February 18, 6:00 PM ~),โ€ said Bithumb.

Immediate impact: deposits, withdrawals, trading access, and user timelines

Immediate effects are limited to funding: deposits and withdrawals of ATOM are paused from the stated start time, while order placement and cancellation on spot markets typically remain available unless the exchange specifies otherwise. The notice title uses an open-ended marker (~), indicating the end time will be confirmed separately once operations are cleared to resume.

Users who submit ATOM to exchange addresses during the pause generally see credits only after services restart, subject to the final network state and internal reconciliations. Outbound withdrawals requested near the cutoff may be held until wallets are reopened.

At the time of this writing, ATOM is trading near $1.89, based on data from Yahoo Finance. This figure is contextual and does not imply any expectation about future price behavior.

How to verify the Bithumb ATOM suspension notice status

The current status can be verified by checking the official Bithumb announcement channel alongside the platformโ€™s service-status page for maintenance updates. Consistent messaging across the website, the mobile app banner, and the deposit/withdrawal modules indicates the live state of services.

Confirm the time zone applied to โ€œFebruary 18, 6:00 PMโ€ and review your deposit history for โ€œpendingโ€ or โ€œprocessingโ€ markers, which typically clear after resumption. A formal restart communication should include a timestamped confirmation that wallet operations have been restored.

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.