Binance Temporarily Suspends Virtual Asset Deposits and Withdrawals for Network Upgrades
CryptoNewsTerminal Staff24 May, 2024
Binance Temporarily Suspends Virtual Asset Deposits and Withdrawals for Network Upgrades
Binance has announced the temporary suspension of BEP20 virtual asset deposits and withdrawals to facilitate network upgrades and hard forks for the BNB Smart Chain (BEP20). The suspension commenced at 2:55 PM (KST) on June 20th. The exchange stated that it supports hard forks and network upgrades to enhance the blockchain's stability and functionality. During the suspension period, users will be unable to deposit or withdraw BEP20-related virtual assets. Binance will provide timely updates on the resumption of services once the upgrades are complete.
