Written by 11:21 AM Economics

Bithumb halts trading for 100 minutes at midnight… “System check due to execution delay”

Bithumb, a domestic virtual asset exchange, experienced a service interruption of about an hour and a half due to delays in buy and sell order fulfillment and a halt in the order book. Bithumb conducted an emergency inspection and resumed its service, advising that pending orders might be canceled as a measure to protect investors.

According to the virtual asset industry on the 3rd, Bithumb encountered delays in order fulfillment and a halt in the order book starting from 11:27 PM on the 2nd.

In response, Bithumb began an inspection at 11:30 PM and announced through a notice that they were conducting a system check due to temporary order fulfillment delays.

Later, Bithumb announced that the inspection of the application, mobile web, PC, and API trading services was completed at 1:09 AM on the 3rd.

The last recorded transaction on the chart on the 2nd was at 11:48 PM, and the first transaction after the service was completed occurred at 1:07 AM on the 3rd.

Bithumb informed investors that if there were abnormal differences between domestic and international exchange rates and Bithumb’s order prices after the service inspection, pending orders could be canceled to protect customers holding them. They advised cancelling buy and sell pending volumes before the service inspection whenever possible.

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