Bithumb Temporarily Halts ONT, ONG, and MBL Transactions for Ontology Network Upgrade

bitcoinworld.co.in Aug 19, 2026

Bithumb Temporarily Halts ONT, ONG, and MBL Transactions for Ontology Network Upgrade

Curated by Shubham · TechCapsules · Aug 19, 2026

AI-summarised brief · reviewed before publication

South Korean exchange Bithumb halted deposits and withdrawals for Ontology tokens ONT, ONG, and MBL beginning 10:00 a.m. UTC on August 20 to support a scheduled Ontology network upgrade. The pause is intended to prevent transaction errors during the protocol change, a common practice when blockchains undergo hard forks or major updates. Trading of these tokens remains possible, but network‑dependent functions are disabled until the upgrade completes. Bithumb has not set a final end time, but similar maintenance windows typically last a few hours. Users are advised to monitor official announcements for resumption details.

💡 Why It Matters

· The suspension underscores how exchange‑level safeguards protect user assets during critical blockchain upgrades, preventing potential loss or stuck balances that could arise from incompatible transactions.

Read full article on bitcoinworld.co.in

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