Bithumb to Temporarily Halt TAIKO Deposits and Withdrawals for Network Upgrade

BitcoinWorld Bithumb to Temporarily Halt TAIKO Deposits and Withdrawals for Network Upgrade South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of deposits and withdrawals for TAIKO, the native token of the Taiko network, to facilitate a scheduled network upgrade.

The halt is set to begin at 7:00 a.m. UTC today, with the exchange advising users to complete any pending transactions before the cutoff.

Why the Suspension Matters Network upgrades often require exchanges to pause token transfers to ensure that transactions are not lost or processed incorrectly during the transition.

Bithumb’s move aligns with standard industry practice, but it carries particular weight for traders who actively use TAIKO for arbitrage, liquidity provision, or cross-exchange transfers.