Bithumb, one of South Korea’s largest cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for MANTRA (MANTRA) starting at 3:00 a.m. UTC on June 9. The pause is attributed to a scheduled network upgrade on the MANTRA blockchain.
Timeline and Scope of the Suspension
The suspension will take effect at 3:00 a.m. UTC on June 9, 2026. During this period, users will be unable to deposit or withdraw MANTRA tokens through the exchange. Bithumb has not yet specified the expected duration of the maintenance window, but similar network upgrade halts typically last several hours to a full day, depending on the complexity of the upgrade and network stability.
Why Network Upgrades Require Trading Pauses
Cryptocurrency exchanges routinely suspend token services during network upgrades to prevent transaction errors, lost funds, or blockchain inconsistencies. Upgrades may introduce new consensus mechanisms, smart contract changes, or security patches. By pausing deposits and withdrawals, exchanges ensure that transactions are not processed on outdated or incompatible network versions.
What This Means for MANTRA Holders
Users holding MANTRA on Bithumb should be aware that transfers to external wallets or other platforms will not be possible during the suspension window. Trading of MANTRA on the spot market may continue if the exchange permits it, but withdrawals and deposits will be locked. It is advisable to complete any pending transfers before the cutoff time.
Implications for the Broader Market
While network upgrades are routine, they can temporarily affect liquidity and price action for the token. In the past, exchanges that fail to coordinate upgrade timelines clearly have faced user complaints and support backlogs. Bithumb’s advance notice gives users time to prepare. The move also signals the MANTRA project’s ongoing development activity, which can be viewed positively by long-term investors.
Conclusion
Bithumb’s temporary suspension of MANTRA deposits and withdrawals is a standard operational measure to support a network upgrade. Users should plan accordingly and monitor Bithumb’s official announcements for the resumption timeline. The event underscores the importance of staying informed about exchange maintenance schedules to avoid inconvenience.
FAQs
Q1: When will the MANTRA suspension start on Bithumb?
The suspension begins at 3:00 a.m. UTC on June 9, 2026.
Q2: Can I still trade MANTRA on Bithumb during the suspension?
Deposits and withdrawals will be paused, but spot trading may remain active depending on the exchange’s policy. Check Bithumb’s official updates for specific trading status.
Q3: How long will the network upgrade take?
Bithumb has not provided an exact duration. Network upgrades typically last a few hours to a day. Users should watch for a follow-up announcement confirming when services resume.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
