Bithumb Temporarily Suspends SPURS Deposits and Withdrawals Due to Chiliz Network Issue
CryptoNewsTerminal Staff21 May, 2024
Bithumb Temporarily Suspends SPURS Deposits and Withdrawals Due to Chiliz Network Issue
Bithumb, the South Korean cryptocurrency exchange, has recently announced the suspension of deposits and withdrawals for Tottenham Hotspur (SPURS) tokens. This suspension is a direct result of a network issue experienced by Chiliz (CHZ), the blockchain platform that powers SPURS tokens. Bithumb has stated that the suspension will remain in effect until the network issue is resolved. The exchange has not provided any specific timeline for when the issue might be resolved. This suspension is a temporary inconvenience for those who wish to deposit or withdraw SPURS tokens on Bithumb. However, it is important to note that the underlying issue is not with SPURS tokens themselves, but rather with the Chiliz network. Once the network issue is resolved, Bithumb is expected to resume deposits and withdrawals of SPURS tokens. In the meantime, users are advised to be patient and to refrain from attempting to deposit or withdraw SPURS tokens on Bithumb.
