Bithumb Suspends CFX for Conflux Mainnet Upgrade
Bithumb, one of South Korea’s largest crypto exchanges, will halt all Conflux (CFX) deposits and withdrawals starting at 05:00 UTC on August 30. This temporary CFX suspension is required to implement a planned Conflux mainnet upgrade, aimed at boosting network security, transaction speed and scalability. During the upgrade window, internal CFX trading on Bithumb remains unaffected, but users cannot move tokens to or from external wallets. Traders should complete any CFX deposit or withdrawal before the deadline and monitor Bithumb’s official channels for the exact resumption time. Once the upgraded network is verified stable, deposit and withdrawal services will resume.
Neutral
The announcement of a temporary CFX suspension is a routine measure for major network upgrades and poses no new fundamental risks. By pausing deposits and withdrawals, Bithumb prevents transaction errors on the old chain during the Conflux mainnet upgrade. Similar past events—such as Ethereum’s hard forks—have shown that exchanges typically resume normal operations quickly once stability is confirmed. While short-term liquidity for CFX on Bithumb will be limited, internal trading remains available and users can plan ahead. Overall, this upgrade supports long-term network health, making the market outlook neutral in both the near and medium term.