Bithumb Suspends POL Transactions for Network Upgrade

Bithumb Suspends POL Transactions for Network Upgrade

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by Zainab Kamara

9 months ago

Made with AI

Bithumb, one of the leading cryptocurrency exchanges, has announced a temporary suspension of POL token transactions to facilitate a significant upgrade to the Polygon network. According to the results published in the material, this measure is aimed at ensuring the security and integrity of user funds during the transition period.

Suspension of POL Token Deposits and Withdrawals

Starting from December 9th at 2:00 AM UTC, users will be unable to deposit or withdraw POL tokens. This suspension is a precautionary step, allowing for a seamless upgrade process. However, trading of POL against other pairs on Bithumb's spot market will remain active, enabling users to continue their trading activities.

Duration of the Suspension

Bithumb has not specified the exact duration of the suspension, but it is anticipated to last anywhere from a few hours to a couple of days, depending on the complexity of the upgrade. Users are encouraged to complete any urgent transactions before the deadline to avoid any inconvenience. The exchange will keep its users informed about the resumption of services through its official communication channels.

Recently, Avalanche (AVAX) experienced a price surge of 4.89%, reflecting a positive shift in market sentiment. This development contrasts with Bithumb's announcement regarding the suspension of POL token transactions. For more details, see AVAX price surge.

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