Bithumb, one of the leading cryptocurrency exchanges, has announced a temporary halt on IP deposits and withdrawals as it prepares for a significant network upgrade for the Story token. This decision aims to ensure a seamless transition during the upgrade process. The source notes that this upgrade is expected to enhance the overall performance and security of the token.
Suspension Details
The suspension will take effect starting at 9:00 AM UTC on December 3, and all IP transactions will be paused during this period.
Reason for Suspension
Bithumb has emphasized that this measure is part of its standard operational procedures to maintain security and efficiency during the upgrade.
User Advisory
Users are encouraged to plan their transactions in advance and to stay informed through Bithumb's official communication channels for any updates regarding the situation.
Bithumb has raised critical security concerns regarding BOA tokens, prompting immediate action to protect users. This situation contrasts with the recent temporary halt on IP transactions for the Story token. For more details, see further information.
