Read

Security

Bithumb has temporarily suspended deposits and withdrawals of 17 virtual assets linked to the BNB Smart Chain, citing security concerns and system upgrades without a specified end date.This suspension affects users' ability to manage their holdings; it may cause short-term market volatility and highlights the need for robust network security protocols in crypto exchanges.<h2 id="bithumb-halts-transactions-for-17-bnb-smart-chain-assets">Bithumb Halts Transactions for 17 BNB Smart Chain Assets</h2>Bithumb's suspension impacts 17 virtual assets associated with the <a href="https://twitter.com/ItsBitcoinWorld/" rel="noopener noreferrer nofollow">BNB Smart Chain</a> due to concerns over security and system upgrades. Similar past suspensions have been prompted by network upgrades or technical challenges.<blockquote class="twitter-tweet"><a href="https://twitter.com/ItsBitcoinWorld/" rel="noopener noreferrer nofollow"></a></blockquote>Bithumb, a major South Korean exchange, has frequently used suspensions to address security risks. The current situation mirrors previous actions taken during network upgrades and unforeseen technical difficulties.<h2 id="effects-of-bnb-chain-issues-on-asset-volatility">Effects of BNB Chain Issues on Asset Volatility</h2>The latest price data indicates that impacted assets might experience volatility. The historical context suggests that rescue efforts of the BNB Smart Chain enhance security, reinforcing confidence in long-term market stability.Experts emphasize the importance of continual technological advancements and security upgrades. These efforts protect users significantly and maintain trust in the ecosystem, showcasing robust measures against vulnerabilities.<blockquote> "The suspension of ALEX deposits and withdrawals is due to identified security issues that we must address promptly." — Mark Johnson, Security Analyst, Bithumb
</blockquote><h2 id="suspensions-historically-last-days-to-weeks">Suspensions Historically Last Days to Weeks</h2>Similar suspensions on Bithumb and other exchanges have previously lasted a few days to weeks, depending on the issues faced. Earlier network delays have similarly impacted user accessibility substantially.Recognized market analysts suggest ongoing upgrades are essential for future resilience. They highlight that addressing vulnerabilities through swift actions and clear communications establishes user confidence effectively.<a href="https://www.kanalcoin.com/bithumb-suspends-17-assets-transactions/" rel="noopener noreferrer nofollow">Read original article on kanalcoin.com</a>

Bithumb Temporarily Suspends 17 Virtual Assets Transactions

Table of Contents

Kanalcoin

Other articles published on Mar 19, 2025

Volatility Shares launching Solana futures ETFs March 20

RWA boom is inevitable, but BSC sell-offs expose crypto risks: pro

Best Cryptos to Join for Long Term: Qubetics Hits 23,400+ Holders as Cardano and Filecoin Price P...

Bitnomial Exchange to Withdraw Lawsuit Against SEC as XRP Futures Launch Nears

Crypto ETF 2.0: How Meme Coins Are Driving the Institutionalization Trend of ETFs Following BTC

Whales Take Notice of This New Crypto Priced at $0.02 as It Targets a 1,500% Surge

Join our free newsletter for daily crypto updates!