Cryptocurrency exchange Bithumb has announced a temporary suspension of deposits and withdrawals for the IP token. This action is crucial to support a network upgrade for the Story protocol. The halt will affect users’ ability to move their IP Token holdings until the network becomes stable. Bithumb explains this service interruption ensures compatibility with the updated protocol, maintains data integrity, enhances network security and prevents potential forks during the upgrade process. The temporary suspension allows Bithumb to ensure a smooth and reliable transition for the IP token and the Story blockchain network. The duration of the service disruption will depend on the complexity of the upgrade and will be communicated by Bithumb through official channels.