Bithumb Prepares for Crucial Network Enhancement with INIT Transaction Suspension

South Korean cryptocurrency exchange Bithumb has taken proactive steps to ensure a seamless network upgrade for the Initia (INIT) protocol.

In a move to safeguard user assets and facilitate the transition to an upgraded blockchain infrastructure, Bithumb will temporarily suspend all INIT deposits and withdrawals. This carefully planned maintenance window is scheduled to begin at 3:00 a.m. UTC on April 21, 2025, allowing for the implementation of necessary backend updates.

The exchange's decision aligns with established industry standards, demonstrating its commitment to user protection and operational reliability.