Bithumb Halts EOS Transactions Ahead of Token Swap

Bithumb has temporarily halted deposits and withdrawals related to the EOS network, effective September 25th. This decision is in response to the network’s rebranding and token swap initiated by Bithumb exchange. The suspension aims to ensure the security of user funds during this significant upgrade process, a standard practice among major cryptocurrencies undergoing similar changes. Bithumb has paused EOS-related transactions on their platform to facilitate a smooth token swap affecting several tokens, while still enabling trading of EOS and related assets on other networks. Market stability is being observed despite the temporary halt. This reflects a strategy similar to previous Ethereum upgrades where suspension helped manage token swaps and accommodate transitions. The industry appears well-prepared for this transition as seen in past successes, leading to a smooth process with minimal disruption.