Bithumb Halts Taiko Deposits and Withdrawals Amid Mainnet Network Issue

South Korean cryptocurrency exchange Bithumb has temporarily halted deposits and withdrawals of Taiko (TAIKO) due to an issue on its mainnet network. The suspension aims to protect user assets while the problem is investigated.

The halt only affects on-chain transfers, but spot trading of TAIKO against other cryptocurrencies on the platform remains unaffected. Users holding TAIKO on Bithumb are advised to wait for official announcements regarding the resumption of services.

Bithumb's swift response aligns with standard exchange protocols to mitigate potential risks, underscoring the importance of staying informed through official exchange communications.