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EGLD Suspension: Crucial Bithumb Update for MultiversX Network Upgrade

2025-07-21 01:34:12

EGLD Suspension: Crucial Bithumb Update for MultiversX Network Upgrade

Main Idea

Bithumb will temporarily suspend EGLD deposits and withdrawals on July 24, 2024, to support the MultiversX network upgrade, ensuring a more robust blockchain platform.

Key Points

1. Bithumb will temporarily suspend EGLD deposits and withdrawals starting July 24, 2024, at 09:00 UTC.

2. The suspension is to support the MultiversX network upgrade, aimed at enhancing the blockchain's performance and user experience.

3. EGLD trading on Bithumb will remain active during the suspension, but users should check official announcements for updates.

4. User EGLD tokens on Bithumb remain secure during the suspension period.

5. The suspension is temporary and will be lifted once the upgrade is completed and network stability is verified.

Description

BitcoinWorld EGLD Suspension: Crucial Bithumb Update for MultiversX Network Upgrade Are you an investor holding EGLD tokens on Bithumb? Then listen up! A significant announcement from South Korean crypto exchange Bithumb is set to impact your EGLD assets. On July 24, the exchange will temporarily halt deposits and withdrawals of the EGLD token. This isn’t a cause for alarm, but rather a crucial step in supporting the ongoing evolution of the MultiversX network. Understanding this EGLD suspension...

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