Woofun AI reports that Bithumb has imposed a complete freeze on MEV token deposits and withdrawals, a direct response to confirmed instability on the Meverse blockchain. This operational halt isolates the asset’s liquidity from external markets, marking a significant disruption for holders on the platform.

The suspension took effect on March 21, 2025, with no definitive timeline provided for service restoration. Bithumb’s official notice frames the move as a precautionary measure, stating that deposits and withdrawals will remain unavailable until the Meverse network is verified to be operating normally. Users are instructed to monitor official channels for updates, leaving the duration of the lock uncertain.

Woofun AI data shows that the specific technical root cause remains undisclosed by the Meverse team, who have yet to issue a public statement. Potential drivers for such network failures typically include software bugs, consensus mechanism breakdowns, or emerging security vulnerabilities. The lack of transparency from the protocol developers complicates the exchange’s ability to predict resolution times.

Structurally, this freeze locks MEV liquidity on Bithumb, preventing inflows and outflows while allowing internal trading on the exchange’s order book. In South Korea, where Bithumb holds significant market share, this isolation reduces arbitrage opportunities and may exacerbate price volatility compared to other global platforms. Crucially, the disruption is contained to MEV, with no reported impact on other tokens or services.

Historically, similar network-induced suspensions on South Korean exchanges have resolved within a few days once the underlying infrastructure is patched or stabilized. This incident underscores the persistent risk of relying on less-established blockchain protocols for major exchange listings. User asset safety remains the stated priority, but traders must anticipate continued uncertainty until official communications from Meverse clarify the situation.