Bithumb, one of the leading cryptocurrency exchanges, has announced a temporary halt on all deposit and withdrawal services for Merlin Chain (MERL). This decision comes as part of a significant network upgrade aimed at enhancing the security and functionality of the platform, as emphasized in the official statement.
Suspension Details
The suspension will take effect on January 20, 2025, at 1:30 PM UTC, and is deemed essential for safeguarding user assets during the upgrade process.
User Advisory
Bithumb has urged its users to finalize any pending transactions before the suspension begins to avoid any inconvenience.
Commitment to Security
The exchange is committed to maintaining a secure trading environment and will provide updates as the upgrade progresses.
On January 15, 2026, Bitmine hosted its Annual Stockholder Meeting in Las Vegas, where key achievements and future strategies were discussed, contrasting with Bithumb's recent service suspension for network upgrades. For more details, see read more.
