Bithumb to Temporarily Halt HBAR Deposits and Withdrawals for Network Upgrade

South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of deposits and withdrawals for Hedera (HBAR) due to a scheduled mainnet upgrade. The halt will take effect at 10:00 a.m. UTC on June 10, 2025.

Timeline and Details of the Suspension

According to the official notice from Bithumb, the suspension is directly tied to the Hedera network’s planned upgrade, which requires the exchange to update its infrastructure to maintain compatibility. Users are advised to complete any pending HBAR transactions before the cutoff time. The exchange has stated that services will resume once the network upgrade is complete and stability is confirmed, though an exact reopening time has not yet been provided.

Why This Matters to HBAR Holders

This temporary halt is a standard procedure for exchanges during major blockchain network upgrades. For HBAR holders and traders on Bithumb, the suspension means that during the maintenance window, they will not be able to move tokens in or out of the exchange. However, spot trading of HBAR against other pairs may continue unless otherwise specified. Users should monitor Bithumb’s official announcements for real-time updates on the resumption of services.

Network Upgrades and Exchange Coordination

Network upgrades, such as those on the Hedera mainnet, often introduce new features, improve scalability, or patch security vulnerabilities. Exchanges like Bithumb must coordinate their internal systems to align with the upgraded network to prevent transaction errors or asset loss. This coordination is a routine but critical part of maintaining a secure trading environment.

Conclusion

Bithumb’s decision to suspend HBAR deposits and withdrawals is a precautionary measure to ensure a smooth transition during the Hedera mainnet upgrade. Users should plan accordingly and stay informed via official channels. The temporary halt is not indicative of any security issue with the exchange or the HBAR token itself.

FAQs

Q1: When will the HBAR suspension start and end?
The suspension begins at 10:00 a.m. UTC on June 10, 2025. The exact end time has not been announced and will depend on the successful completion of the Hedera network upgrade.

Q2: Will my HBAR tokens be safe during the suspension?
Yes. Your HBAR tokens held on Bithumb will remain safe during the maintenance period. The suspension only affects the ability to deposit or withdraw tokens from the exchange.

Q3: Can I still trade HBAR on Bithumb during the suspension?
Bithumb has not explicitly stated whether spot trading will continue. Users should check the exchange’s trading interface and official notices for updates on trading availability during the maintenance window.