Bithumb declines to support Humanity (H) token swap, citing investor protection concerns

South Korean crypto exchange Bithumb will not support the new token swap for Humanity (H) following a recent security incident, the exchange announced on its official website. Bithumb stated that the foundation's plan to deprecate the old H token in favor of a 1:1 swap for a new one did not sufficiently reflect investor protection concerns. The exchange clarified that the swap will not be available through its platform and that users must use the claim portal operated by the Humanity foundation to process the swap directly. Bithumb added that withdrawals for the existing H token would resume at 9:00 a.m. UTC.