Upbit Halts OSMO Deposits and Withdrawals After Osmosis…
By Karthik Subramanian
AI summary of the source article
Upbit, Bithumb, and Coinbase suspended or delayed Osmosis deposits and withdrawals after the Osmosis blockchain halted block production. Cryptocurrency trading remained operational across the exchanges during the network disruption.
Why it matters
The text states that "The incident illustrates how blockchain-level interruptions can affect multiple trading platforms simultaneously, even when their centralized trading systems remain operational."
Key facts
- Osmosis stopped producing blocks at height 74,955,152 around 22:57 UTC on November 12.
- Upbit suspended OSMO deposits and withdrawals on November 13, invoking South Korea's Virtual Asset User Protection Act framework.
- Bithumb and Coinbase also experienced delays or restrictions on Osmosis transfers while keeping trading functional.
Source excerpt · FinanceFeeds
South Korean cryptocurrency exchange Upbit temporarily suspended deposits and withdrawals of Osmosis (OSMO) on November 13, 2026, after the underlying blockchain stopped producing new blocks, preventing transactions from being processed normally. The exchange announced the restrictions at 10:21 a.m. Korean Standard Time, citing an interruption affecting the Osmosis Chain network. The suspension ap…