The post Bithumb Suspends ZRC Deposits And Withdrawals On August 25 appeared on BitcoinEthereumNews.com.

In the dynamic world of cryptocurrency, staying updated on exchange announcements is absolutely vital. South Korean crypto exchange Bithumb recently made an important announcement that impacts many users: a temporary suspension of ZRC deposits and withdrawals. This move, while seemingly restrictive, is a standard procedure in the crypto space, often signaling significant underlying network improvements. Let’s delve into the details of this upcoming change and what it means for Zircuit (ZRC) token holders. Why is Bithumb Suspending ZRC Deposits and Withdrawals? Bithumb officially announced on its website that it will temporarily suspend ZRC deposits and withdrawals starting at 09:00 UTC on August 25. This suspension is not arbitrary; it is specifically scheduled to support the Zircuit (ZRC) network’s upcoming mainnet upgrade. A mainnet upgrade is a significant event for any blockchain project, essentially an overhaul or improvement to the core network. Ensuring Data Integrity: During a major upgrade, exchanges often halt transactions to prevent any loss of funds or data inconsistencies that could arise from network changes. Smooth Transition: Suspending ZRC deposits and withdrawals allows Bithumb to ensure a seamless transition for ZRC tokens on its platform to the new, upgraded mainnet. Security Enhancements: Upgrades frequently include security patches and improvements, and a temporary halt ensures the exchange can adapt its systems without exposing user assets. What Does This ZRC Suspension Mean for You? For ZRC token holders, this announcement requires attention. If you hold ZRC on Bithumb, or if you plan to move ZRC tokens to or from the exchange around the specified date, understanding the implications is key. The temporary halt means that any attempts to initiate ZRC deposits and withdrawals after 09:00 UTC on August 25 will not be processed until the suspension is lifted. It’s important to remember that this is a temporary measure, not a…

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Filed under: News - @ August 18, 2025 10:28 am