Bithumb’s VANA Suspension: What You Need To Know About the Mainnet Hiccup

Crypto users worldwide are once again reminded of the unpredictable nature of digital assets, as South Korean exchange Bithumb recently announced a temporary suspension of Vana (VANA) token services. This isn’t just a minor blip; a critical mainnet network issue has halted all deposit and withdrawal functionalities for VANA, impacting thousands of users globally.

The announcement came on February 9, 2025, at precisely 2:05 p.m. UTC, leaving many VANA holders in limbo. Bithumb officials have characterized the move as a precautionary measure, directly attributing it to ongoing problems within the Vana mainnet itself. While the exact technical details of the mainnet issue haven’t been fully disclosed, the impact is clear: if you hold VANA on Bithumb, you won’t be able to move your tokens in or out for the foreseeable future.

This kind of suspension, while frustrating for users, is often implemented by exchanges to protect funds and prevent potential losses during periods of network instability or vulnerability. It underscores the importance of a robust and reliable underlying blockchain network for any cryptocurrency.

For those affected, the key takeaway is to stay informed. Bithumb will undoubtedly provide updates as they work with the Vana project team to resolve the mainnet issues. In the meantime, users should monitor official Bithumb channels and Vana project announcements for the latest information regarding the resumption of services.

Such events serve as a stark reminder for all crypto investors: always be aware of the operational status of your chosen exchanges and the health of the blockchain networks supporting your assets. We’ll be keeping an eye on this situation and will update you as more information becomes available.

Source: Original Article