Bithumb temporarily suspended Tether (USDT) withdrawals on the Tron network starting May 23, 2026, citing a wallet system inspection by Tether. The suspension lasted approximately six days be
Bithumb temporarily suspended Tether (USDT) withdrawals on the Tron network starting May 23, 2026, citing a wallet system inspection by Tether. The suspension lasted approximately six days before service resumed on May 29, affecting one of the most heavily used stablecoin transfer rails in crypto.
According to Bithumb's official notice, USDT withdrawals on the Tron network were suspended starting 2026-05-23 at 20:25 KST (11:25 UTC). The stated reason was a Tether wallet system inspection.
The suspension was network-specific. Withdrawals via the Kaia and Aptos networks remained available throughout the maintenance period, meaning users with USDT holdings could still move funds using those alternative rails.
The scope of the halt matters because Tron carries a disproportionate share of global USDT circulation. DeFiLlama data shows approximately $87.85 billion of USDT sits on Tron, representing roughly 47.11% of the token's total circulating supply of $186.47 billion.
Tron share of total USDT supply 47.11% DeFiLlama-based research in the brief puts roughly $87.85 billion of USDT on Tron out of about $186.47 billion total circulation.Key Takeaways
Bithumb's notice explicitly referenced Article 17(1)(a) of South Korea's Enforcement Decree of the Virtual Asset User Protection Act, framing the pause as a disclosed operational control during wallet maintenance. This regulatory citation is notable given ongoing efforts to strengthen digital asset governance frameworks across major exchanges.
Users who had pending or planned USDT withdrawals via the Tron network during the suspension period needed to either wait for service restoration or select an alternative network such as Kaia or Aptos before submitting their transaction.
This type of maintenance event, while temporary, underscores why verifying the selected network before confirming any withdrawal is critical. Exchanges that support multiple chains for the same asset, as seen in platforms like Kraken and others, provide flexibility when one rail goes offline.
According to secondary coverage, deposits of USDT via the Tron network were expected to remain available during the withdrawal halt, though Bithumb's official notice explicitly discussed withdrawals rather than deposit status.
USDT itself remained stable throughout the event, trading at $0.99948 with negligible 24-hour price movement. The broader crypto market was in a period of heightened caution, with the Fear and Greed Index reading 18, labeled "Extreme Fear."
Bithumb updated the same official notice to confirm that USDT Tron withdrawals resumed at 2026-05-29 15:05 KST. The total downtime was approximately six days.
Competitor coverage of the event did not note the scheduled resumption time, leaving users of secondary news sources without a clear timeline. The inclusion of a concrete restoration timestamp in the original notice distinguished Bithumb's communication from the aggregated rewrites.
For future service disruptions, users should monitor official exchange announcement channels directly rather than relying on third-party summaries. CoinWy will continue to publish updates on network-specific maintenance events that may affect withdrawal availability.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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