Bithumb to Halt XION Deposits and Withdrawals for Crucial Network Upgrade

South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of deposits and withdrawals for the XION token starting at 10:00 a.m. UTC on December 8th, to facilitate crucial network upgrades. This planned maintenance is designed to enhance the blockchain’s performance and security. If you hold or trade XION on Bithumb, here’s a breakdown of what this means for your assets and how to prepare.