Binance Suspends ELF Transfers Amid Upcoming Network Upgrade
CryptoNewsTerminal Staff22 May, 2024
Binance Suspends ELF Transfers Amid Upcoming Network Upgrade
Binance, a prominent cryptocurrency exchange, has announced the pending suspension of deposits and withdrawals for ELF tokens on May 23rd, 2023, at 6 PM (UTC). This temporary measure is taken to facilitate a network upgrade for the ELF ecosystem. Users holding ELF tokens on Binance are advised to complete their transactions before the suspension goes into effect. Trading of ELF will remain unaffected during this period. The network upgrade aims to enhance the stability and performance of the ELF blockchain. Once the upgrade is complete, deposits and withdrawals for ELF will be promptly restored. Binance regularly conducts network upgrades for various cryptocurrencies to ensure optimal performance and security. These upgrades are essential for maintaining the integrity and efficiency of the exchange's platform. Users are encouraged to check the Binance website for updates and announcements regarding network upgrades.
