Notice on Temporary Suspension of Bitcoin SV (BSV) Deposits and Withdrawals
Bithumb said it will temporarily suspend Bitcoin SV deposits and withdrawals next week to support a BSV network upgrade, creating a short-term transfer disruption for users who need to move coins on or off the exchange while leaving spot trading available.
What the BSV suspension notice confirms
Bithumb published the notice on 2026-04-01 17:00 KST and said Bitcoin SV (BSV) deposits and withdrawals are scheduled to pause from 2026-04-07 17:00 KST. The exchange said the temporary suspension is intended to support the BSV mainnet network upgrade and maintain stable wallet service, and it added that trading will remain available during the interruption.
Bithumb also said the expected upgrade time is 2026-04-07 21:00 KST, which places the exchange’s transfer halt ahead of the protocol event it is preparing for. For readers, the practical takeaway is simple: the cutoff applies to moving BSV, not to BSV order matching on the exchange.
For market context, CoinGecko’s research snapshot showed BSV at $14.08, with about $281.6 million in market capitalization, roughly $8.34 million in 24-hour volume, and a 3.51% daily gain. Those figures describe the asset around the announcement, but the news value here is the exchange-side service interruption rather than price action.
Scope of the suspension and what remains unspecified
Confirmed details
The notice explicitly names only deposits and withdrawals. Because Bithumb separately said trading remains available, this reads as an exchange operations notice rather than a network-wide halt across all BSV venues.
Bithumb linked the pause to support for the BSV mainnet upgrade and cited Article 17(1)(a) of the Enforcement Decree of South Korea’s Virtual Asset User Protection Act in the same notice. That reference matters because it frames the suspension as a user-protection and service-stability measure, not as a delisting or a trading restriction.
What is still unanswered
The announcement does not provide a reopening timestamp. Bithumb said deposits and withdrawals will resume only after network stability is secured, so users still need a follow-up notice before assuming transfers are live again.
One technical detail remains unresolved. Bithumb’s explanation referenced block height 1,713,168 for the Apr. 7 mainnet event, but the official BSV Node v1.2.0 release notes describe Chronicle as a hard fork targeting mainnet height 943,816 at 12:00 midday on 07-Apr-2026 and use 1,713,168 for testnet.
Until Bithumb clarifies that mismatch, the exchange’s cited height should be treated as an unconfirmed operational detail rather than settled protocol data. The release notes are the official protocol-side reference for the Chronicle upgrade window, and no independent English-language report in the research set resolved the discrepancy.
How the temporary BSV halt may affect users
Timing-sensitive user scenarios
Users planning to send BSV to Bithumb or withdraw BSV from the platform should avoid starting transfers close to the stated cutoff. A transaction initiated too near the exchange deadline can remain in limbo at the venue level even if the blockchain continues producing blocks.
Anyone waiting for a BSV deposit to credit should check the latest Bithumb wallet status against the suspension notice before sending a second transaction. The operational risk described here is delayed exchange processing, not automatically a problem with open trading positions.
The notice is also specific to one platform. That means Bithumb users should treat the suspension as an exchange-side service pause, while users on other venues should wait for notices from those venues rather than assuming the same schedule applies everywhere.
What users should do before service resumes
Checklist before reopening
Monitor Bithumb’s official notice feed for the reopening post instead of assuming deposits and withdrawals will return on a fixed timetable. The exchange has published a start time, but not an end time.
Confirm whether any pending deposit or withdrawal has fully settled before taking follow-up action. That is the cleanest way to avoid duplicate transfers or unnecessary support requests during a maintenance window tied to a network upgrade.
If you need to move BSV between platforms, make that decision before the cutoff rather than after it. The next point to watch is whether Bithumb issues a post-upgrade update after the 07-Apr-2026 Chronicle target window and whether it explains the block-height discrepancy in its notice.
FAQ about the Bitcoin SV deposit and withdrawal suspension
When does the suspension start?
Bithumb said the pause begins at 2026-04-07 17:00 KST.
What services are affected?
The notice says only BSV deposits and withdrawals are affected, while trading remains available.
Why is Bithumb pausing BSV transfers?
Bithumb said the suspension supports the BSV mainnet network upgrade and stable wallet servicing. The official BSV Node v1.2.0 release notes describe that upgrade as the Chronicle hard fork.
When will BSV deposits and withdrawals resume?
Bithumb has not published a reopening time. The exchange said service will resume after network stability is secured.
Disclaimer: This content is for informational purposes only and is not investment advice.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making any investment decisions.
