Bithumb, one of South Korea’s leading cryptocurrency exchanges, has announced that it will temporarily suspend deposits and withdrawals for CertiK (CTK) in order to support an upcoming mainnet upgrade.
Bithumb to Temporarily Suspend Deposits and Withdrawals for CertiK (CTK) Due to Network Upgrade
This move aims to ensure the stability and security of deposit and withdrawal services throughout the upgrade process.
Basic Details of Suspension
- Affected Entity: CertiK (CTK)
- Suspension Start: February 6, 2025, 18:00
- Rationale: To support CertiK network upgrade and maintain stable deposits and withdrawals in accordance with Article 17 of the Virtual Asset User Protection Law Implementation Decree.
- Service Resumption: Deposits and withdrawals will resume as soon as network stability is confirmed and an official announcement will be made.
CertiK (CTK) Network Upgrade Details
- Upgrade Type: Mainnet upgrade with Bithumb node server updates
- Block Height: 22,399,700
- Planned Upgrade Time: February 6, 2025 at 10:00
- Note: The upgrade timeline may vary depending on network conditions and block generation speed.
Important Notes for Users
- Pending Withdrawals: Withdrawal requests made prior to the suspension but not processed in a timely manner may experience delays as they will be processed in order after internal system checks.
- Deposits During Suspension: Any assets deposited after the suspension begins will be processed once services resume.
- Trading Unaffected: The suspension only applies to deposits and withdrawals. CTK trading will continue as usual during this period.
- Market Volatility: Users are advised to exercise caution as significant price fluctuations may occur during the suspension.
*This is not investment advice.
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