Phemex reaches two separate product-shutdown deadlines on September 11.
BIGTIME and MOG(1K)
Phemex is scheduled to delist BIGTIME/USDT and MOG(1K)/USDT at 10:00 UTC on September 11.
At that time:
- spot trading stops;
- open orders are removed;
- deposits stop;
- normal withdrawals stop.
Phemex says post-deadline withdrawal requests should be submitted to customer support.
On-Chain Earn manual redemption also ends today
Phemex previously closed new subscriptions for USDT, SOL, ATOM and HYPE On-Chain Earn products.
September 11 is the final manual-redemption date.
What happens if users do nothing?
Phemex says remaining positions will be automatically redeemed by the system.
Credit timing varies
Phemex estimates:
- USDT: within 14 days;
- SOL: within 7 days;
- ATOM: within 24 days;
- HYPE: within 10 days.
Why these two shutdowns should not be confused
BIGTIME/MOG is a delisting/custody-access event.
USDT/SOL/ATOM/HYPE Earn is an investment-product wind-down with automatic redemption.
Evidence Status
Confirmed by Phemex
- BIGTIME/MOG(1K) delist Sep. 11 10:00 UTC.
- Normal deposits/withdrawals end at that time.
- On-Chain Earn manual redemption ends Sep. 11.
- Remaining Earn positions auto-redeem.
- Asset-specific credit timelines published.
Developing
- Post-cutoff support withdrawals.
- Actual redemption completion times.
- User-specific settlement delays.
Risk Assessment
High for affected products.
What to Watch Next
Support-mediated withdrawals, system redemption start, settlement timing and customer complaints if credits exceed stated windows.
FAQ
Which spot assets are delisted today?
BIGTIME and MOG(1K).
When?
10:00 UTC.
Can users withdraw after the deadline?
Normal withdrawals stop; Phemex directs users to customer support.
Which Earn products are affected?
USDT, SOL, ATOM and HYPE.
Are remaining Earn positions lost?
No. Phemex says they are automatically redeemed.
Is credit immediate?
No; timelines vary by asset.