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>>Bithumb has paused XRP deposits and withdrawals while it performs wallet maintenance

Bithumb has paused XRP deposits and withdrawals while it performs wallet maintenance

crypthub

7 days ago

Bithumb Wallet Maintenance Announcement

The South Korean exchange Bithumb has temporarily suspended deposits and withdrawals for Ripple (XRP). This action was taken due to essential scheduled wallet system maintenance. The maintenance is aimed at upgrading security and improving overall operational stability of the exchange.

Scope of Suspension and Trading Activity

The halt specifically affects the transfer functions for XRP tokens, preventing users from depositing or withdrawing funds. Importantly, trading of XRP on Bithumb's internal markets remains completely unaffected. Users can continue buying and selling the cryptocurrency normally while the technical upgrades are underway.

Guidance for Affected Users

This suspension, while inconvenient for timely asset transfers, is described as a routine and precautionary technical update. Users should monitor Bithumb's official channels for updates regarding service restoration. The exchange has not issued a specific timeline for when XRP deposits and withdrawals will resume.