Bithumb, a leading cryptocurrency exchange in South Korea, has announced a temporary suspension of deposits and withdrawals of the BERA token. This step is necessary to support an important upgrade to the Berachain network.
Reasons Behind Bithumb BERA Suspension
Bithumb emphasizes the priority of security and stability for its platform. The decision to suspend BERA is linked to an upcoming upgrade of the Berachain network aimed at improving performance and security.
Process and Consequences of the Suspension
Starting at 09:00 UTC on August 27, users will be unable to send or withdraw BERA from their Bithumb wallets. This temporary measure affects all token holders and is designed to prevent transaction errors during network changes.
Preparing for the Berachain Upgrade for BERA Holders
BERA token holders should complete all necessary deposit and withdrawal activities before the specified deadline. It is advisable to monitor Bithumb's official announcements for updates regarding the resumption of services.
The temporary Bithumb BERA suspension effective August 27 is a necessary measure to support the Berachain upgrade. This ensures the integrity of user assets and the smooth implementation of critical updates.
