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Crypto

Bithumb Pauses BABY Deposits and Withdrawals for Babylon Upgrade

Guavy AI Editorial Team
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South Korean cryptocurrency exchange Bithumb will temporarily suspend deposits and withdrawals of BABY tokens from August 7th at 5:00 a.m. UTC, as part of its support for the Babylon network upgrade.

The upgrade is a routine maintenance event that involves changes to the underlying blockchain protocol, requiring exchanges like Bithumb to pause token movements to ensure a smooth transition.

This precautionary measure helps prevent potential loss of funds or transaction errors during the upgrade process.

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