Bithumb Suspends SEI Deposits and Withdrawals for Network Upgrade
CryptoNewsTerminal Staff07 Aug, 2024
Bithumb Suspends SEI Deposits and Withdrawals for Network Upgrade
Bithumb, a popular South Korean cryptocurrency exchange, recently announced the temporary suspension of SEI deposits and withdrawals due to an upcoming network upgrade scheduled for 6:00 PM KST on August 8th. This suspension is necessary to ensure a smooth and successful upgrade process. During the suspension period, users will not be able to deposit or withdraw SEI tokens from their Bithumb accounts. Bithumb recommends that users refrain from making any SEI transactions during this time. Once the upgrade is complete, Bithumb will resume SEI deposit and withdrawal services as soon as possible. The SEI network upgrade is expected to bring several improvements to the network, including increased scalability, security, and stability. Bithumb encourages all SEI holders to stay updated on the upgrade progress and to follow Bithumb's official announcements for further updates.
