Bithumb suspends BLAST withdrawals and advances a token swap to the Ethereum network
BIBIBI
AT A GLANCE
Bithumb will October 19 at 18 suspend BLAST withdrawals; upon completion of the migration, only the Ethereum network will be supported.
Article
Bithumb will October 19 suspend BLAST withdrawals to facilitate the network migration to Ethereum
PANews October 19 reported, according to an Bithumb announcement, the exchange will October 19 at 18 suspend BLAST withdrawals to facilitate asset reconciliation during its network migration and token swap. Upon completion of the migration,BLAST will support only the Ethereum (Ethereum) network; withdrawals via the original Blast network will no longer be supported.BLAST was October 14 listed as a token for which trading support would be discontinued, and Bithumb has stopped its deposits. The time for withdrawals to resume will be announced separately after the token swap is completed. Trading can continue as normal during the suspension, and the exchange warned that sharp price fluctuations may occur during this period.
According to an Bithumb announcement, the exchange will October 19 at 18 suspend BLAST withdrawals.
02
The withdrawal suspension is intended to facilitate asset reconciliation during the network migration and token swap.
03
Upon completion of the migration,BLAST will support only the Ethereum network; withdrawals via the original Blast network will no longer be supported.
04
BLAST was October 14 listed as a token for which trading support would be discontinued, and Bithumb has stopped its deposits.
05
The time for withdrawals to resume will be announced separately after the token swap is completed.
06
Trading can continue as normal during the suspension, and the exchange warned that sharp price fluctuations may occur.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Users may continue trading during the suspension BLAST, but cannot withdraw from Bithumb BLAST, and deposits have already been stopped. Upon completion of the migration, the withdrawal network will be changed to support only Ethereum, and the original Blast network will no longer be supported.
Why it matters to readers
The halt of deposits and suspension of withdrawals will restrict users from depositing, withdrawing BLAST and selecting a withdrawal network; meanwhile, trading remains open and prices may experience sharp fluctuations.
If you hold or plan to trade BLAST, you should note the timing of the withdrawal suspension and the post-migration network changes, and wait for Bithumb to announce the resumption arrangements.
Risks and unknowns
The completion time for the token swap has not yet been announced.
BLAST The specific time for withdrawals to resume has not yet been announced.
The exchange warned that sharp price fluctuations may occur during the suspension, but the actual magnitude cannot be confirmed.
Related Developments
Loading event timeline…
Related concepts
Withdrawals
This term is not in the glossary yet. Browse related concepts in the glossary.
