Bithumb Halts ZIL Deposits & Withdrawals for Crucial Network Upgrade

South Korean cryptocurrency exchange, Bithumb, is taking a precautionary measure by temporarily suspending all ZIL deposits and withdrawals. This action is tied to a significant network upgrade aimed at enhancing Zilliqa’s blockchain security and performance. The suspension starts November 17th, 2:00 AM UTC. While this may seem inconvenient for users, it offers an opportunity for Bithumb to implement the upgrade without compromising user funds.