Bithumb To Halt XEC Deposits And Withdrawals For Network Upgrade On May 15
Bithumb, one of South Koreas largest cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for eCash (XEC) starting at 8:00 a.m. UTC on May 15. The halt is scheduled to support an upcoming network upgrade for the eCash blockchain. Details of the Suspension According to the official notice from Bithumb, the suspension will affect all XEC deposit and withdrawal services. The exchange has not yet specified the exact duration of the downtime, but such network upgrade-related halts typically last between a few hours to a full day, depending on the complexity of the upgrade and network stability. Users are advised to complete any pending XEC transactions before the cutoff time to avoid delays. What Is eCash (XEC)? eCash, formerly known as Bitcoin Cash ABC, is a cryptocurrency that emerged from a hard fork of the Bitcoin Cash network. It aims to provide fast, low-cost transactions and is built on a proof-of-work consensus mechanism. Network upgrades are routine events for blockchain projects, often introducing new features, security enhancements, or protocol improvements. The specific changes planned for this upgrade have not been detailed by the eCash development team as of press time. Implications for Traders and Holders For XEC holders on Bithumb, the suspension means