Bithumb to Suspend Filecoin (FIL) Deposit and Withdrawals, Here’s Why
Filecoin deposit and withdrawal will be suspended from the Bithumb platform as of 6:00 PM on Wednesday, September 24, 2025.
1H
0.26%$0.0019
24H
-4.16%$0.0311
7D
-7.83%$0.0609
30D
-9.21%$0.0727
Filecoin deposit and withdrawal will be suspended from the Bithumb platform as of 6:00 PM on Wednesday, September 24, 2025.
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Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
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