Binance Halts CTK and RIF Deposits and Withdrawals Ahead of Network Upgrades

Binance Halts CTK and RIF Deposits and Withdrawals Ahead of Network Upgrades

Binance, one of the world's leading cryptocurrency exchanges, has announced the temporary suspension of Chromia (CTK) and RSK Infrastructure Framework (RIF) deposits and withdrawals. This move is in preparation for upcoming network upgrades and hard forks for both cryptocurrencies. CTK deposits and withdrawals will be suspended from July 23, 2023, at 18:00 (UTC), while RIF deposits and withdrawals will be suspended from July 24, 2023, at 18:00 (UTC). Binance will resume these services once the network upgrades are complete and stable. This suspension is a common practice in the cryptocurrency industry when networks undergo significant changes. During this time, users are advised to refrain from depositing or withdrawing CTK or RIF on Binance. Any deposits or withdrawals made during the suspension period may be lost or delayed. Binance has a strong track record of supporting network upgrades and hard forks for various cryptocurrencies. The exchange typically provides ample notice to users and ensures a smooth transition during these events. Users are encouraged to monitor Binance's official announcements and social media channels for updates on the resumption of CTK and RIF deposits and withdrawals.