Bithumb Suspends CFX Deposits and Withdrawals for Conflux Network Upgrade

South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of CFX deposits and withdrawals, effective August 30th at 5:00 a.m. UTC. This action is to facilitate a planned mainnet upgrade for the Conflux (CFX) network. This is a standard procedure in blockchain space as it allows for smoother network transitions without disruptions during the upgrading process. Understanding the details of this suspension will be key for anyone holding or trading CFX tokens.