Bithumb Halts POL Deposits and Withdrawals for Polygon Upgrade
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Suspension Announcement: Bithumb has announced a halt on POL deposits and withdrawals starting January 8, 2025, at 9:00 a.m. UTC to ensure asset security during the Polygon network upgrade, highlighting the exchange's commitment to user fund protection.
- Trading Continuity: While deposits and withdrawals are suspended, trading of POL against other pairs will continue uninterrupted, ensuring that users can still engage in the market and minimizing liquidity disruption during the upgrade.
- Industry Standards: This decision aligns with best practices in the cryptocurrency industry, similar to actions taken by Coinbase and Binance during network upgrades, thereby enhancing user trust in the exchange's operational integrity.
- User Guidance: Users are advised to refrain from depositing POL to Bithumb wallet addresses during the suspension to avoid failed transactions or delays, and should complete any planned transactions before services resume.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
