Bybit, a leading cryptocurrency exchange, has announced a temporary halt on deposits and withdrawals for Injective (INJ) as part of the upcoming v1171 network upgrade set for December 3, 2025. This precautionary measure aims to safeguard the network during the critical upgrade process, and according to the results published in the material, users are advised to plan their transactions accordingly.
Decision to Pause Transactions
The decision to pause transactions is intended to ensure the integrity and security of the Injective network while enhancements are implemented. Although the immediate market implications remain uncertain, the upgrade reflects ongoing development efforts that could significantly improve the network's operational capabilities.
Bybit's Track Record
Bybit has successfully navigated similar upgrades in the past, instilling confidence among users and investors. Analysts believe that these enhancements may ultimately benefit long-term holders of INJ, potentially leading to increased value and stability in the future.
Bybit's recent decision to pause transactions for Injective (INJ) coincides with its upcoming participation in Mantle's End-of-Year livestream, celebrating its 7th anniversary. For more details, see read more.
