Bithumb Temporarily Suspends ZETA Deposits and Withdrawals Due to Network Upgrade
CryptoNewsTerminal Staff06 Jun, 2024
Bithumb Temporarily Suspends ZETA Deposits and Withdrawals Due to Network Upgrade
Bithumb, one of the leading cryptocurrency exchanges in South Korea, has announced the temporary suspension of deposits and withdrawals of Zetachain (ZETA) due to a network upgrade. The suspension will take effect from 5 pm on September 6th. According to Bithumb's official website, the suspension is necessary to ensure the stability of the ZETA network during the upgrade. Deposits and withdrawals will be resumed once the upgrade is complete. Bithumb did not provide a specific timeline for the upgrade, but it is expected to be completed within a few hours. ZETA is a blockchain platform that aims to provide interoperability between different blockchains. It has gained significant attention in recent months, as it has the potential to solve the problem of blockchain fragmentation. The network upgrade is expected to improve the scalability and performance of the ZETA blockchain. During the suspension, ZETA holders will not be able to deposit or withdraw their tokens on Bithumb. However, they will still be able to trade ZETA on the exchange. Bithumb will provide updates on the suspension status on its official website and social media channels.
