Exchange Adjusts Services Following INJ Network Incident
South Korean cryptocurrency exchange Bithumb has announced temporary adjustments to services involving the Injective (INJ) token. This move comes in response to technical issues encountered by the INJ underlying network.
Scope and Timing of the Service Suspension
Effective from 23:00 KST on November 9, the platform suspended deposit and withdrawal services for INJ. Correspondingly, staking and unstaking request functionalities for the token have also been temporarily disabled. This precautionary measure is designed to safeguard user assets during a period of on-chain instability.
It is important to highlight that this service adjustment only impacts fund movement. Spot trading for INJ on the Bithumb exchange remains fully operational and unaffected.
What Happens to User Funds During This Period?
Bithumb outlined the procedure for handling user transactions:
- Withdrawal requests submitted before the suspension but not yet processed will be handled sequentially.
- Deposits that arrive during the suspension period will be credited to user accounts once services resume.
The exchange stated it is monitoring the INJ network status and will reopen deposit and withdrawal services once stability is confirmed. All updates will be posted on the original announcement page, and users are advised to refer to it for the latest information.