Bithumb Halts MEV Deposits and Withdrawals Amid MeVerse Network Upgrade

Bithumb, South Korea's largest cryptocurrency exchange, has temporarily suspended MEV deposits and withdrawals to support an upcoming network upgrade. This precautionary measure aims to prevent potential errors or loss of funds during the transition.

The suspension is effective from 3:40 a.m. UTC today, but trading of MEV on Bithumb will continue as usual. Users can still view their MEV balances and place trades on the exchange's order book.

This upgrade may introduce significant changes to MeVerse's underlying infrastructure, including new features, improved security, or enhanced scalability. The exact timing for resuming normal service depends on the stability and success of the network upgrade.

MeVerse is a blockchain platform focused on the metaverse and gaming, with its native token MEV used for transactions, governance, and in-game utilities.