Bithumb to Suspend CFX Deposits and Withdrawals Temporarily
CryptoNewsTerminal Staff11 Aug, 2024
Bithumb to Suspend CFX Deposits and Withdrawals Temporarily
Bithumb, a prominent South Korean cryptocurrency exchange, has announced that it will temporarily suspend deposits and withdrawals for Conflux (CFX). The suspension will take effect on August 12th at exactly 6 PM and is part of Conflux's scheduled network hard fork upgrade. CFX has been rallying in recent days, with its price reaching a new high of over 10% since the beginning of June. During the maintenance period, Bithumb will pause all CFX-related transactions, including deposits, withdrawals, and trading. Users are advised to complete their CFX transactions before the suspension takes effect and to be patient during the maintenance period. Bithumb has reassured users that the suspension is only temporary and that the platform will resume CFX services once the network upgrade is complete. The exact time of resumption will be announced once it is determined.
