Bithumb, a major South Korean cryptocurrency exchange, has announced a temporary suspension of all deposits and withdrawals for Ethereum (ETH) and all Ethereum network-based virtual assets. This suspension is scheduled to begin at 14:00 (KST) on May 7th. The reason for this temporary halt is to support the upcoming Ethereum (ETH) network hard fork (mainnet). Hard forks are significant upgrades to the blockchain that require careful coordination. Suspending deposits and withdrawals ensures the safety of user funds during the upgrade process and prevents any potential disruptions. Bithumb will likely announce the resumption of ETH deposits and withdrawals once the hard fork is complete and the network is stable. Users are advised to monitor Bithumb's official website and social media channels for further updates and announcements regarding the Ethereum hard fork and the resumption of services. ```

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