Bithumb Suspends HIVE Deposits and Withdrawals for Network Upgrade

Crypto
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author: CryptoNews

date: November 12, 2025

1 min. read

Bithumb, a prominent South Korean cryptocurrency exchange, has announced the temporary suspension of HIVE deposits and withdrawals. This action is scheduled to begin on November 19th at 18:00 KST. The suspension is a direct response to the upcoming Hive network upgrade. Bithumb is taking this precautionary measure to ensure the stability and security of user funds during the upgrade process. While the exchange has not specified the exact duration of the suspension, they have assured users that deposits and withdrawals will resume once the network upgrade is completed and deemed stable. Users holding HIVE on Bithumb should plan accordingly and refrain from initiating any deposit or withdrawal transactions during the suspension period. Bithumb will likely provide an update once the upgrade is complete and HIVE transactions are re-enabled. This suspension is a standard practice among exchanges to safeguard users during network upgrades. ```