Bithumb Suspends NEAR Deposits and Withdrawals for August 18 Network Update

Bithumb, a major South Korean cryptocurrency exchange, announced a temporary suspension of NEAR token deposits and withdrawals on August 18th for the execution of an essential network update. This action is intended to facilitate the necessary upgrade to ensure the security and integrity of user funds. The network update aims to enhance network performance and stability, improve security protocols, and introduce new features for the NEAR Protocol. While Bithumb anticipates a smooth transition after the update, users are encouraged to plan ahead by completing any pending deposits or withdrawals before the August 18th deadline.