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Bitcoin SV (BSV) Genesis Upgrade: Deposit and Withdrawal Suspension

Published on Feb 2, 2020Updated on Apr 4, 20242 min read

Dear valued customers,

In order to support the Genesis Upgrade of Bitcoin SV (BSV) when its block height reaches 620,538 (estimated on Feb 4, 2020, UTC), the depositing and withdrawal of BSV will be suspended from 13:00 Feb 3, 2020 (UTC) until the upgrade is complete.

To ensure the safety of your assets, you are advised not to deposit and withdraw your BSV during the upgrade. Please note that you should deposit margins in advance to avoid the risks involved during derivatives and margin trading.

Details:
1. Suspension of Depositing and Withdrawal of BSV
The deposit and withdrawal services of BSV will be suspended from 13:00 Feb 3, 2020 (UTC).

2. Resumption of Depositing and Withdrawal of BSV
We expect to resume the deposit and withdrawal when the BSV mainnet is stable. Please refer to our further announcements on the resumption time.

3. No new tokens will be created in this upgrade.

Note:
1. Depositing address will be changed from a p2sh multisig address to a p2pkh single-signature address. BSV withdrawal will no longer support p2sh multisig addresses.

Thank you for your continued support and we assure you our best services at all times.

Regards,
OKX
Feb 2, 2020 (UTC)