Bithumb, one of the leading cryptocurrency exchanges, has announced a temporary halt on deposits and withdrawals for ZeroGravity (0G) tokens. This decision comes as part of a scheduled mainnet upgrade aimed at improving the network's overall functionality. The publication provides the following information:
Suspension of 0G Token Transactions
The suspension will take effect at 10:00 AM UTC on October 29, affecting all holders of 0G tokens on the platform. Bithumb emphasized that this measure is crucial for ensuring a seamless transition during the upgrade process, which is designed to enhance performance, security, and scalability of the ZeroGravity network.
Advisory for Users
Users are strongly advised to avoid any attempts to deposit or withdraw 0G tokens during this period to prevent potential loss of funds. Bithumb has committed to providing timely updates regarding the resumption of services once the upgrade is successfully completed.
In a recent update, Mt Gox has announced a delay in Bitcoin repayments until 2026, impacting many creditors who have been awaiting their funds. This development contrasts with Bithumb's proactive measures to enhance its services, as detailed in the report.
