BIP91: Exchange Bittrex announces suspension of Bitcoin withdrawals and plan for Fork

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Bitcoin Improvement Proposal 91 (BIP 91, also known as Miner Activated Soft Fork - or MASF) recently blocked over 90% of all mining hashing features, signaling major support for this proposal. The BIP 91 lock-in effectively makes the BIP 148 (User Activated Soft Fork scheduled for August 1) obsolete and voids the chances of the Bitcoin network transferring through UASF.

At this moment, with Bit 91 blocked, Exchange Bittrex is confident that the Bitcoin network will activate and reinforce BIP 91 blocks. Bittrex will follow this situation closely. We do not anticipate problems with the activation of BIP 91.

However, Bittrex will close deposits and withdrawals from Bitcoin (including 2nd layer XCP / OMNI protocol and associated assets) 4 hours before the BIP activation block 91 477,120 scheduled for July 23, 12PM UTC (7am UTC). The portfolio will remain closed until the larger hash energy chain is clearly established. Trading will remain active during this period. In the case of a network division, Bittrex will take all reasonable steps to ensure that customer funds can be preserved in both chains.