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BitcoinSistemi 2025-01-29 07:24:09

Bitcoin Exchange Bithumb Temporarily Suspends Deposits and Withdrawals in This Altcoin! Here's Why

Bitcoin Exchange Bithumb Temporarily Suspends Deposits and Withdrawals in This Altcoin! Here's Why

South Korea’s leading cryptocurrency exchange Bithumb has announced that Cardano (ADA) deposits and withdrawals have been temporarily suspended due to an upcoming network hard fork upgrade. Bithumb to Temporarily Suspend ADA Deposits and Withdrawals for Network Upgrade The suspension aims to ensure stable deposit and withdrawal services for users during the transition. Key Details Affected Asset: Cardano (ADA) Suspension Start Time: January 29, 2025 (Wednesday) at 18:00 Suspension Reason: Network upgrade support and system maintenance Estimated Upgrade Time: 30 January 2025 (Thursday) at 06:45 Deposit/Withdrawal Restart: Services will be restored with a follow-up announcement by Bithumb once network stability is confirmed. Additional Notes Staking services (staking and unstaking requests) will also be unavailable during the suspension period. The upgrade schedule may vary depending on network conditions and block generation speed. Transactions may be delayed if users request a withdrawal prior to the suspension but the transaction is not completed in time. Deposits made after the suspension goes into effect will be processed sequentially once services resume. Trading will continue during the suspension, but users are advised to monitor price fluctuations carefully. Bithumb reiterated its commitment to providing safe and seamless trading services for customers. Further updates will be provided through official announcements. *This is not investment advice. Continue Reading: Bitcoin Exchange Bithumb Temporarily Suspends Deposits and Withdrawals in This Altcoin! Here's Why

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