Recent news from the South Korean exchange Bithumb pertains to a temporary halt of Zirket (ZRC) deposits and withdrawals, raising questions in the crypto community.
Situation with ZRC on Bithumb
Bithumb has officially announced a temporary halt to both deposits and withdrawals for Zirket (ZRC). This is not a permanent delisting but rather a precautionary measure due to an issue with the Zirket network. In such cases, exchanges prioritize the security of user funds and the integrity of transactions.
Impact of Network Issues on ZRC Trading
When the Zirket network faces issues, Bithumb takes responsible action by halting operations. Key reasons for the suspension include: * Transaction Integrity: Preventing failed transactions, * Security: Protecting against potential vulnerabilities, * Data Synchronization: Ensuring all ledger data is accurate and synchronized. These measures help avoid fund loss and other issues.
Recommendations for ZRC Holders
If you hold Zirket (ZRC), it is advised to: * Stay informed through official Bithumb announcements, * Avoid unofficial information, * Remember that your ZRC funds on Bithumb remain secure, as the suspension pertains only to deposits and withdrawals.
While the temporary halt of ZRC deposits and withdrawals on Bithumb may be inconvenient, it is a standard procedure to protect users. Staying informed through official channels is essential.
