Bithumb to Temporarily Suspend MAP Deposits and Withdrawals on July 15

IconCryptoNewsTerminal Staff11 Jul, 2024

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Bithumb to Temporarily Suspend MAP Deposits and Withdrawals on July 15

Bithumb has announced that it will temporarily suspend deposits and withdrawals of the MAP token on July 15 at 11:00 AM (KST) due to the upcoming mainnet launch of the MAPP Protocol. During the suspension period, users will not be able to deposit or withdraw MAP tokens on the Bithumb platform. The suspension is expected to be lifted after the mainnet launch is complete. Bithumb has advised users to take the necessary steps to prepare for the suspension, such as withdrawing their MAP tokens to a personal wallet or another exchange that supports the token. The exchange has also stated that it will provide further updates on the suspension as they become available. The suspension of MAP deposits and withdrawals on Bithumb is a reminder of the importance of checking with the exchange before making any deposits or withdrawals. Exchanges may suspend or restrict trading of certain tokens for a variety of reasons, such as upcoming mainnet launches or security concerns. By staying informed about the latest updates from the exchange, users can avoid any potential inconvenience or loss of funds.

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