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Bithumb, one of South Korea’s leading cryptocurrency exchanges, has announced that it will temporarily suspend deposits and withdrawals for CertiK ($CTK) in order to support an upcoming mainnet upgrade.
Bithumb to Temporarily Suspend Deposits and Withdrawals for CertiK ($CTK) Due to Network Upgrade
This move aims to ensure the stability and security of deposit and withdrawal services throughout the upgrade process.
Basic Details of Suspension
- Affected Entity: CertiK ($CTK)
- Suspension Start: February 6, 2025, 18:00
- Rationale: To support CertiK network upgrade and maintain stable deposits and withdrawals in accordance with Article 17 of the Virtual Asset User Protection Law Implementation Decree.
- Service Resumption: Deposits and withdrawals will resume as soon as network stability is confirmed and an official announcement will be made.
CertiK ($CTK) Network Upgrade Details
- Upgrade Type: Mainnet upgrade with Bithumb node server updates
- Block Height: 22,399,700
- Planned Upgrade Time: February 6, 2025 at 10:00
- Note: The upgrade timeline may vary depending on network conditions and block generation speed.
Important Notes for Users
- Pending Withdrawals: Withdrawal requests made prior to the suspension but not processed in a timely manner may experience delays as they will be processed in order after internal system checks.
- Deposits During Suspension: Any assets deposited after the suspension begins will be processed once services resume.
- Trading Unaffected: The suspension only applies to deposits and withdrawals. $CTK trading will continue as usual during this period.
- Market Volatility: Users are advised to exercise caution as significant price fluctuations may occur during the suspension.
*This is not investment advice.