Bithumb to Halt CHZ Transactions Amid Chiliz Network Hard Fork

IconCryptoNewsTerminal Staff17 Jun, 2024

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Bithumb to Halt CHZ Transactions Amid Chiliz Network Hard Fork

Bithumb, the South Korean cryptocurrency exchange, has announced the temporary suspension of Chiliz (CHZ) deposits and withdrawals due to an upcoming hard fork on the Chiliz network. The suspension will take effect at noon today (May 23, 2023) and will remain in place until the hard fork is complete and the network is stable. The hard fork is expected to introduce several significant upgrades to the Chiliz network, including improved scalability, security, and functionality. Bithumb has stated that it will closely monitor the situation and provide updates on the resumption of CHZ trading as they become available. Traders and investors are advised to be aware of the upcoming suspension and to plan their transactions accordingly.