Bitcoin Exchange Bithumb Has Stopped Deposits and Withdrawals in This Altcoin Due to Network Issues! Here Are the Details – BitRss

South Korea’s leading cryptocurrency exchange Bithumb has announced that deposits and withdrawals for Flow (FLOW ($0.51)) have been temporarily suspended due to ongoing network issues affecting block production.

Bithumb Temporarily Suspends FLOW Deposits and Withdrawals Due to Network Issues

Suspension Details

• Affected Entity: Flow (FLOW)
• Service Restriction: FLOW deposits and withdrawals
• Suspension Time: 18 February 2025 (Tuesday) at 20:00
• Reason: FLOW network block creation failure due to system failure

Restart Timeline

Bithumb stated that deposits and withdrawals will resume once the network stability is achieved. The exchange will provide an official update once the services are back online.

Important Notices for Users

• The estimated time for network recovery may vary depending on network conditions and block generation speed.
• Withdrawal requests submitted prior to the suspension but not processed in a timely manner will be reviewed and processed sequentially once services resume.
• Assets deposited after suspension will be reflected once service is restored.
• Trading will continue as usual during the suspension period, but users should be wary of potential price volatility.

Bithumb assured users that it is monitoring the situation closely and will provide updates as necessary.

*This is not investment advice.

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