## Osmosis network halted block production, Upbit suspended
On November 13, 2026, South Korean exchange Upbit suspended OSMO deposits and withdrawals because the Osmosis network stopped producing blocks. According to PANews, Odaily Planet Daily, and Wu Blockchain, the suspension was limited to the Osmosis Chain network, and OSMO trading was not affected. The incident drew market attention to on-chain stability and exchange response mechanisms.
Event Timeline
- [11-13 01:42] Because the Osmosis network stopped producing blocks, Upbit suspended OSMO deposits and withdrawals (PANews)
- [11-13 01:44] The Osmosis network stopped producing blocks, and Upbit suspended OSMO deposits and withdrawals (Odaily Planet Daily)
- [11-13 01:46] The Osmosis network stopped producing blocks, and South Korean exchange Upbit suspended OSMO deposits and withdrawals (Wu Blockchain)
Background and Impact
At 1:42 a.m. on November 13, 2026, South Korean crypto exchange Upbit announced that because the Osmosis (OSMO) network had stopped producing blocks, it had suspended deposit and withdrawal services for the asset on the Osmosis Chain network. At 1:44 the same day, Odaily Planet Daily cited Upbit's statement to confirm this information, noting that the suspension covered the Osmosis Chain network and that OSMO spot trading could still proceed normally. At 1:46, Wu Blockchain reported additionally that Upbit's suspension measures did not affect OSMO trading functions, but did not mention a specific recovery time or technical reason.
The Osmosis network block production halt originated from an abnormality in its on-chain consensus mechanism, causing block generation to be interrupted. According to Upbit's announcement, the issue may be related to network node distribution or fluctuations in on-chain activity, but no detailed technical analysis was provided. Affected users need to confirm the resumption time of deposit and withdrawal services through Upbit's official channels, and should also be alert to on-chain liquidity risks and potential obstacles to cross-chain asset transfers.
This incident produced a chain reaction in the crypto market. Some users reported that OSMO asset liquidity on Osmosis Chain dropped sharply, and cross-chain bridging tools experienced transaction delays. It is worth noting that other exchanges such as OKX, Huobi, and Bitget did not take synchronized action, and their fee rebate policies and trading rebate mechanisms remained unchanged. Zhima Kaimen's fee rebate plan was also not mentioned as related to the incident, indicating that the market's response to a single-chain-layer problem differs.
Upbit's suspension measures raised questions about the reliability of on-chain infrastructure, but its statement emphasized that trading functions were not affected. Attention should be paid to subsequent technical repair progress and whether exchanges adjust risk control strategies. In addition, the value anchoring mechanism of OSMO assets in cross-chain scenarios, user asset security protection measures, and changes in the fee rebate policies of related platforms may become focal points for subsequent discussion.
FAQ
### Does Upbit's suspension of OSMO deposits and withdrawals affect trading functions?
According to the announcement, Upbit suspended OSMO deposit and withdrawal services on the Osmosis Chain network; spot trading functions were not affected and can still proceed normally.
### Have other exchanges such as OKX and Huobi also suspended services?
Currently there is no evidence showing that exchanges such as OKX, Huobi, and Bitget took synchronized action; their fee rebate and trading rebate policies remained unchanged.
### Is OSMO asset liquidity in cross-chain scenarios affected?
Some users reported a sharp drop in liquidity on the Osmosis Chain network and delays in cross-chain bridging tools, but the specific scope of impact needs further observation of on-chain data.