Bithumb Temporarily Suspends Toncoin Deposits Due to Network Upgrade

Bithumb, a leading South Korean cryptocurrency exchange, has announced a temporary suspension of Toncoin (TON) deposits and withdrawals. This move is part of an essential network upgrade aimed at maintaining the long-term stability and functionality of the blockchain.

The suspension will begin on April 8th at 9:00 UTC and may last several hours or even a full day. During this time, trading of TON against other cryptocurrencies like Bitcoin (BTC) and Korean Won (KRW) will continue uninterrupted on Bithumb's spot markets.

This standard security-focused procedure in the cryptocurrency industry supports a necessary TON network upgrade. The action ensures user funds remain secure and prevents transaction errors or losses.