Bithumb review: Exchange suspends UXLINK withdrawals
South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of withdrawals for the UXLINK token as part of the project’s ongoing network transition.
The measure took effect at 7:00 a.m. UTC on November 3 and is designed to facilitate critical updates that aim to enhance the token’s security, scalability, and overall functionality.
According to Bithumb, the suspension is a standard precautionary step during network migrations, ensuring that customer assets remain safe and the migration process is executed smoothly. While withdrawals are paused, trading of the UXLINK token may remain available on the platform, allowing investors to continue participating in market activity.
Ensuring Security and Seamless Transition
Bithumb clarified that the temporary pause will remain in effect until the migration is completed successfully and the new network is fully operational. The exchange emphasized that such transitions are common within blockchain ecosystems and are carried out to improve transaction efficiency and network resilience.
The company also encouraged users to monitor official announcements for updates on when withdrawals will resume. No customer funds have been affected by the suspension, and all balances will remain intact during the upgrade.
The UXLINK network transition represents an important step toward strengthening infrastructure for its growing user base. The upgrade is expected to enable faster processing speeds, improved interoperability, and enhanced stability across applications built on the network.
About Bithumb
Founded in 2014, Bithumb is one of South Korea’s largest and oldest digital asset exchanges, offering access to major cryptocurrencies such as Bitcoin, Ethereum, and XRP. The exchange has established a reputation for regulatory compliance, strong security protocols, and user-focused innovation, making it a trusted platform for both retail and institutional investors.
As the UXLINK upgrade progresses, Bithumb’s proactive approach underscores its commitment to maintaining secure and transparent trading environments while supporting blockchain projects undergoing key technological transformations.
Read also: Monero is falling today, what traders are watching.
Latest Bithumb News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
