Bithumb Suspends ATOM Deposits and Withdrawals for Network Upgrade
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Service Suspension: Bithumb has announced a suspension of all Cosmos (ATOM) deposit and withdrawal services starting at 09:00 UTC on January 12 to support a significant upgrade to the Cosmos Hub, ensuring user fund safety and enhancing network stability.
- Upgrade Context: This upgrade aims to introduce new features and enhance security, with past upgrades successfully improving inter-blockchain communication protocols, thereby maintaining the competitive edge and technological relevance of the Cosmos ecosystem.
- User Impact: During the suspension, users cannot deposit or withdraw ATOM on the Bithumb platform, but internal trading typically remains unaffected, necessitating users to plan asset movements in advance to avoid inconvenience.
- Industry Standards: This action by Bithumb aligns with industry best practices, emphasizing the exchange's commitment to asset security; while it may cause inconvenience to users, it ultimately helps maintain market stability in the long run.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
