Woofun AI reports that Bithumb has scheduled a suspension of Hedera (HBAR) deposits and withdrawals, effective July 8, to accommodate a critical infrastructure update on the underlying blockchain.

The operational freeze commences at 10:00 a.m. UTC, with the exchange estimating a duration of several hours while nodes synchronize with the new protocol version. During this window, users cannot move HBAR tokens into or out of their wallets, and trading pairs involving the asset may face liquidity constraints depending on specific platform policies.

Per Woofun AI, this halt is a standard industry practice designed to prevent transaction processing errors or potential loss of funds during the network upgrade. The update is expected to introduce new features, performance improvements, and security patches, necessitating a temporary pause in asset flows to ensure data integrity.

Traders should complete any pending transactions before the cutoff, as Bithumb’s announcements will provide further updates on service resumption. While short-term liquidity may tighten on one of South Korea’s largest exchanges, the broader impact on HBAR’s price is typically minimal given the scheduled nature of the event.