Bithumb Suspends Story Token Deposits and Withdrawals for Network Upgrade
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Maintenance Announcement: Bithumb has announced a temporary suspension of Story (IP) token deposits and withdrawals starting at 9:00 a.m. UTC on January 14, 2025, to facilitate a critical network upgrade aimed at enhancing platform security and functionality.
- Trading Continues: While deposits and withdrawals are paused, Bithumb will allow users to continue trading the Story token on the spot market, thereby minimizing disruption for active traders and ensuring liquidity.
- User Preparation: Users are advised to complete any urgent deposits or withdrawals before the maintenance begins, which is expected to last between 2 to 6 hours, while all other cryptocurrency trading functions will remain operational.
- Compliance Assurance: This maintenance aligns with the stringent regulatory requirements set by South Korea's Financial Services Commission, demonstrating Bithumb's commitment to user protection and reflecting its responsibility in the cryptocurrency market.
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.
