Bithumb Temporarily Suspends Filecoin Deposits and Withdrawals Due to Network Upgrade

South Korea's largest crypto exchange by trading volume has taken a standard operational measure in response to Filecoin's (FIL) network upgrade.

The temporary suspension of FIL deposits and withdrawals on Bithumb will last until the stability of the new protocol is verified. This routine but critical process ensures the blockchain's functionality and security, often introducing new features or optimizing existing protocols.

While trading pairs involving FIL may still be active, users are advised to monitor Bithumb's official announcements for the exact resumption time. Such suspensions typically last a few hours to a day, with any unexpected issues arising during the upgrade potentially leading to delays.