Bithumb temporarily halted DYDX token deposits and withdrawals at 6:30 PM KST on December 8 in response to a network issue, as stated by the exchange.
The suspension, aimed at network safety, highlights exchange operations and impacts immediate access to DYDX without affecting other cryptocurrencies like BTC or ETH.
Bithumb has temporarily suspended DYDX deposits and withdrawals starting 6:30 PM KST on December 8th due to a network or wallet issue related to DYDX.
The suspension involves Bithumb's operations team, who announced the action through official notices and an X (formerly Twitter) account.
Trading Unaffected as DYDX Withdrawals Paused
Bithumb's suspension impacts only DYDX, pausing deposits and withdrawals while trading remains open. BTC, ETH, and other assets are unaffected by this particular issue.
The network-related pause may lead to minor liquidity fragmentation and reduced cross-exchange flows, without triggering a major decline or regulatory action, following historical patterns. Bithumb issued a statement:
Temporary Suspension of DYDX Deposit and Withdrawal due to a network/wallet issue.
Recurring Suspension Strategy Shows Minimal Market Impact
Bithumb frequently suspends transactions for network upgrades or maintenance, aligning with previous actions involving other tokens such as Story (IP) and Babylon (BABY).
According to historical trends, these suspensions typically result in minimal market disruption, primarily affecting liquidity and flow without substantial protocol-level impact.