Osmosis blockchain stopped producing blocks yesterday, forcing Upbit, Bithumb and Coinbase to suspend OSMO deposits and withdrawals while the network remains down.
The outage was confirmed by blockchain infrastructure provider QuickNode, which reported the network stalled at block height 74,955,152 on November 12. Without new blocks, the Osmosis chain cannot process or confirm transactions, making on-chain transfers impossible.
Upbit cited Article 17, Paragraph 1, Subparagraph A of South Korea's Virtual Asset User Protection Act as the basis for its temporary suspension, which applies only to OSMO deposits and withdrawals on the Osmosis Chain; trading and market activities continue uninterrupted.
Bithumb announced a similar halt earlier in the day, while Coinbase reported delays in OSMO transactions but assured users that other deposit and trading services remain unaffected.
All three exchanges stated they will notify users once the network resumes block production and deposits/withdrawals can be safely restored.