Bithumb Suspends ADA Deposits for Security Upgrade

Bithumb Suspends ADA Deposits for Security Upgrade

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by Satoshi Nakamura

5 months ago

Made with AI

Bithumb, a leading cryptocurrency exchange in South Korea, has announced a temporary halt on Cardano (ADA) transactions. This decision comes as the exchange undertakes essential technical upgrades to enhance its deposit address system. The publication provides the following information:

Maintenance Announcement for ADA Transactions

Starting at 5:00 AM UTC on April 8, 2025, users will be unable to deposit or withdraw ADA. However, trading of ADA against other cryptocurrencies will proceed without interruption.

Security of User Funds

Bithumb has emphasized that all user funds will remain secure throughout this maintenance period. Users are urged to prepare for the temporary transaction limitations.

Recently, the accumulation of Cardano (ADA) by large holders has been increasing, contrasting with the temporary halt of ADA transactions announced by Bithumb. For more details, see whale accumulation.

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