Bithumb Suspends Siacoin Transactions for Network Upgrade

Bithumb, a prominent cryptocurrency exchange in South Korea, is temporarily halting all Siacoin (SC) deposits and withdrawals starting December 2nd at 7:00 am UTC. This action is a preemptive measure to ensure a smooth transition during the upcoming network upgrade of the Siacoin blockchain. The move follows standard industry practice when major network updates are implemented. Bithumb’s suspension aims to prevent any potential loss of user funds during the network integration process.