Bithumb, one of the leading cryptocurrency exchanges, has announced a temporary suspension of BERA transactions to facilitate a significant mainnet upgrade of Berachain. This decision aims to ensure the safety of user funds and the integrity of transactions during the upgrade process, as emphasized in the official statement.
Suspension of BERA Token Transactions
The suspension will take effect at 9:00 AM UTC on November 12, during which users will be unable to deposit or withdraw BERA tokens. However, trading pairs involving BERA will continue to be active, allowing users to trade without interruption. Bithumb has a history of resuming services promptly once network stability is confirmed after such upgrades.
Recommendations for Users
Users are encouraged to plan their transactions in advance and stay updated by monitoring official announcements from Bithumb. This proactive approach will help mitigate any potential inconveniences during the upgrade period.
In a recent development, the Archivas testnet has achieved significant milestones, showcasing its capabilities as it prepares for the next phase. This progress contrasts with Bithumb's temporary suspension of BERA transactions for a mainnet upgrade. For more details, see Archivas testnet.
