Bithumb to suspend BounceBit deposits and withdrawals on Aug. 20 at foundation's request

Bithumb will temporarily suspend deposits and withdrawals for BounceBit (BB) from 2:55 a.m. UTC on Aug. 20, or 11:55 a.m. Korean Standard Time, at the request of the BounceBit foundation. The South Korean exchange did not give a resumption time and said trading in BB may continue while transfers are halted, leaving holders unable to move tokens into or out of the platform during the pause. Separately, Bitget said it would suspend deposits and withdrawals on the BB - Bouncebit network from 2026-08-20 10:56 (UTC+8) for wallet maintenance. BounceBit is a Bitcoin restaking protocol with notable trading activity on South Korean venues, and temporary transfer suspensions can disrupt arbitrage and portfolio rebalancing even when the underlying blockchain remains operational.

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