Injective Restarts After a 4-Hour 24-Minute Halt: Upbit, Bitget and Kraken Still Have INJ Transfers Paused

Timeline (SGT)

The halt length is our arithmetic: 13:05:01 UTC to 17:28:55 UTC is 4 hours, 23 minutes and 54 seconds. While the chain was stopped, Injective's RPC reported block 191,016,662 as the latest committed block, because a block counts as committed only once the next one confirms it. Odaily's first report gave 191,016,661 at 21:04. All three figures describe the same moment.

Why the chain stopped

Injective has not published a cause in any source we opened. The closest thing to an explanation is a community manager's reply in Injective's official Telegram group, reported by Foresight News at 22:33 SGT. According to that report, Injective was coordinating with validators on a planned mainnet upgrade test to prepare for a major network upgrade in the coming weeks. The manager described the drill as part of a new network readiness programme meant to test the emergency upgrade process and to improve coordination between validators and ecosystem partners after the launch of Injective Institutional Rail. The team said it would restore normal operation as soon as possible.

Two points about that statement. It came from a community manager in a chat group and was relayed by a news site. It is not a post-mortem. And the exchanges did not treat the stop as scheduled: Upbit gave "block generation stopped" as its reason and Coinone cited a network fault, according to Odaily. In an earlier report, Foresight News said QuickNode's status page listed Injective's next planned mainnet upgrade, v1.21.0, for November 17. We did not open the QuickNode page ourselves.

What the exchanges told users

Upbit's notice, posted at 22:39 KST (21:39 SGT), suspends deposits and withdrawals of INJ on the Injective network until Upbit confirms transfers are stable again. Trading continues. The notice warns that deposits sent during the suspension may not be credited to the account and may not be recoverable. Deposit returns and withdrawal-address registration are also paused and will be processed in order once transfers resume. Upbit cites Article 17(1)(a) of the enforcement decree of Korea's Virtual Asset User Protection Act as the legal basis. At 02:23 SGT the notice in Upbit's public announcement list still had its original title, without the "completed" tag Upbit adds to finished suspensions.

Bithumb's suspension began at 23:00 KST, 22:00 SGT, according to Odaily's summary of its notice, and also covers INJ staking and unstaking requests. PANews reported the same start time. Withdrawals submitted before the suspension will be processed in order, and deposits that arrive during the suspension will be credited after transfers reopen. Coinone suspended INJ deposits and withdrawals from 22:25 SGT, with other services unaffected. ChainCatcher separately reported the halt with Upbit's suspension.

Outside Korea, Kraken's incident, opened at 13:12 UTC, says deposits and withdrawals through its Injective funding gateway may be delayed while all other funding methods work normally. Its only update was still "identified" at 02:23 SGT. Bitget's public coin endpoint lists one INJ network, INJECTIVE, with "withdrawable" and "rechargeable" both false, the same as at 00:52 SGT. Binance and OKX show per-network transfer status only to logged-in users, so we could not check them.

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The restart does not reopen your exchange's deposit page. Each venue waits until it trusts the chain again, and Upbit says it will announce the reopening through the same notice. Bitget's data shows what a deposit will need once it does: 100 confirmations on the Injective network. At the current pace of about 0.84 seconds per block (3,859 blocks in 54 minutes 15 seconds, our arithmetic), 100 confirmations take under two minutes. The withdrawal fee is 0.01 INJ and the minimum withdrawal is about 0.611 INJ.

The market barely moved

Sources: public market data from Binance, OKX, Bitget and Coinbase.

At our first reading during the halt, 00:51 SGT, Binance quoted $8.079. The price has risen 0.7% since then ($8.136 ÷ $8.079, our arithmetic), and the four venues sit within 1 cent of each other. Binance's INJUSDT market traded about $16.07 million in the last 24 hours. The high-to-low gap of 7.2% ($8.315 ÷ $7.756, our arithmetic) is wider than the flat 24-hour change suggests, and that window includes hours of normal trading before the halt.

Perpetual funding stayed close to zero: 0.0012% per 8 hours on Bitget, −0.0047% on OKX and 0.01% on Binance. Nobody is paying much to lean either way. You can compare these rates with other coins on our funding-rates page.

Our reading, not a sourced fact: with deposits closed at the large venues, each exchange's INJ order book is still a closed pool. Coins unlocked from staking or bought on-chain during the halt cannot reach an exchange yet. When deposits reopen, that changes, so a calm price now does not tell you what happens to liquidity in the first hour after reopening.

What this means if you hold INJ

On an exchange. Your balance was not affected, and spot trading continued at Upbit, Bithumb and Coinone throughout, according to their notices. What you cannot do yet is move INJ on the Injective network. Watch the deposit page in your own app, not the block explorer.

Sending INJ to an exchange. Wait until the venue's deposit page shows Injective open. Upbit's warning that deposits sent during the suspension may be lost still applies while its notice is open. If you already sent one during the halt, keep the transaction hash. Bithumb says such deposits will be credited after it reopens.

Withdrawals you requested. Bithumb says pending withdrawals will be processed in order. Expect a queue when transfers reopen.

Staking. Bithumb paused INJ staking and unstaking requests. On-chain, blocks are being produced again, so new staking transactions can be processed. Bithumb's own staking service reopens on Bithumb's schedule.

Perpetuals. INJ perpetuals quoted throughout on Bitget, OKX and Binance. If you hold a leveraged position, check your margin before deposits reopen. If you already trade INJ perpetuals on Bitget, the rebate is paid on the fee: a $1,000 position at Bitget's 0.06% taker fee costs $0.60, and with code nexu888 the 60% share returns $0.36, settled daily. On OKX the same trade at 0.05% costs $0.50, and the 20% share with code nexu888 returns $0.10, settled hourly. Both sets of figures come from our partner registry. The rebate is a share of the fee, not of the position.

What we could not confirm

• An official cause from Injective. The only explanation we found is the community manager's comment relayed by Foresight News; Injective's status page loads only in a browser with JavaScript.
• Whether the restart required a validator software upgrade.
• When Upbit, Bithumb, Coinone, Kraken and Bitget will reopen INJ transfers.
• Binance's and OKX's INJ transfer status, which only logged-in users can see.
• Bithumb's own notice, which blocked our reader. Its details come from Odaily and PANews.

Quick answers

Is the Injective network working again?

Yes. Block production resumed at 01:28:55 SGT on November 10 with block 191,016,664, after a stop of 4 hours 24 minutes. By 02:23 SGT the chain had reached block 191,020,523.

Can I deposit INJ to an exchange now?

Not until your exchange reopens it. At 02:23 SGT Bitget still showed Injective-network deposits off, Upbit's suspension notice was still open and Kraken's incident was unresolved.

Why did Injective stop?

Injective has not published a cause. Foresight News reported a community manager saying it was a planned mainnet upgrade test to rehearse the emergency upgrade process. Exchanges described it as a stop in block production.

Did the INJ price fall?

No. INJ was $8.136 on Binance at 02:23 SGT, up 0.43% over 24 hours, and funding rates stayed close to zero.