Bithumb Suspends IOTX Deposits & Withdrawals for Network Upgrade

Crypto exchange Bithumb is suspending IOTX deposits and withdrawals for a crucial mainnet upgrade, with impacts beginning November 3rd at 9:00 AM UTC. This temporary halt will ensure the smooth transition of the IoTeX network, according to Bithumb officials. The upgrade aims to enhance security and improve performance for the platform and its users. Understanding why this is happening and what it means for your IOTX holdings is crucial. Read on to learn more.