Bithumb Suspends TRX-Based Token Deposits and Withdrawals Ahead of TRON Network Upgrade

Bithumb, a South Korean cryptocurrency exchange, has announced that it will temporarily halt deposits and withdrawals for eight TRON-based tokens to facilitate a scheduled network upgrade on the TRON blockchain. The suspension is set to begin at 9:00 a.m. UTC on August 16 and will affect BitTorrent (BTT), JUST (JST), APENFT (NFT), SUN (SUN), Sundog (SUNDOG), TRON (TRX), Tether (USDT), and WINkLink (WIN).

The move is a standard precautionary measure to ensure that transactions are not lost or processed incorrectly during the transition. Trading on the spot market may continue, but users should verify Bithumb's specific notices for each token.

The TRON network upgrade aims to improve performance, security, or functionality, and exchanges like Bithumb coordinate with the network's development team to ensure a smooth transition. The suspension window is expected to be temporary, with services resuming once the upgrade is confirmed stable.