South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of deposits and withdrawals for Ripple (XRP) due to a wallet system inspection. According to Korean crypto news outlets summarizing the notice, XRP deposits and withdrawals on Bithumb were halted starting 11:33 a.m. KST on May 19, 2026, while trading of XRP on the exchange continues to operate as normal. Bithumb stated that the move is a technical measure to ensure a stable deposits and withdrawals service, rather than a response to any security incident or regulatory action. The exchange indicated that XRP deposit and withdrawal services will resume once network and wallet stability are confirmed, with a separate follow-up notice to be posted when the work is complete. Similar temporary suspensions for XRP deposits and withdrawals have occurred at other Korean exchanges in the past during wallet or network maintenance, reflecting standard operational risk management rather than an exchange-specific issue. For users, this means they can continue to trade XRP within Bithumb but cannot currently move XRP into or out of the platform until the maintenance is finished and services are formally restored.

AI-generated background, compiled from web sources — not editorial content.

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