Bithumb Suspends INJ Deposits and Withdrawals for Network Upgrade
CryptoNewsTerminal Staff01 Aug, 2024
Bithumb Suspends INJ Deposits and Withdrawals for Network Upgrade
Bithumb, a popular cryptocurrency exchange, has announced the temporary suspension of Injective (INJ) deposits and withdrawals due to a scheduled network upgrade. The suspension will take effect on August 1st, 2023, at 3 PM Korea Standard Time (KST). During the suspension period, users will not be able to deposit or withdraw INJ tokens from their Bithumb accounts. Bithumb recommends that users complete any necessary INJ transactions before the suspension takes effect. The network upgrade is expected to improve the stability and performance of the Injective blockchain. Bithumb has not yet announced when deposits and withdrawals of INJ will resume, but they will provide updates as they become available.
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