Bithumb Suspends ALEX Trading, Designates as Investment Attention Stock

IconCNT15 May, 2024

cryptonews.jpg

Bithumb Suspends ALEX Trading, Designates as Investment Attention Stock

Bithumb, a major South Korean cryptocurrency exchange, has designated ALEX as an investment attention stock and temporarily suspended deposit and withdrawal services for the token. The decision was made due to concerns about the stability of virtual assets related to security issues with ALEX. Bithumb's announcement on its official website stated that the suspension was implemented to protect users and ensure the stable operation of the platform. The exchange will continue to monitor the situation and provide updates as they become available. ALEX is a relatively new cryptocurrency that has gained popularity in recent months. However, it has also been the subject of some controversy, with some experts expressing concerns about its security. Bithumb's decision to designate ALEX as an investment attention stock is a sign of the exchange's commitment to protecting its users. Previously on 15 May 2024, Bithumb announced the designation of ALEX as an investment attention stock and the temporary suspension of deposit and withdrawal services due to security concerns.

Related News