Binance Temporarily Suspends CFX Deposits and Withdrawals for Network Upgrade and Hard Fork

IconCryptoNewsTerminal Staff23 Jul, 2024

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Binance Temporarily Suspends CFX Deposits and Withdrawals for Network Upgrade and Hard Fork

Binance, one of the world's leading cryptocurrency exchanges, has announced the temporary suspension of Conflux (CFX) deposits and withdrawals. This suspension is scheduled to begin on August 13, 2023, at 2:30 PM (UTC). The suspension is necessary to facilitate the upcoming hard fork and network upgrade of the Conflux blockchain. During this time, users will not be able to deposit or withdraw CFX tokens on Binance. Binance has assured users that the suspension is temporary and that trading of CFX will not be affected. The exchange will provide further updates as they become available. In the meantime, users are advised to refrain from depositing or withdrawing CFX tokens on Binance. Any deposits or withdrawals made during the suspension period will not be processed and may be lost. We will continue to monitor the situation and update this article with the latest information.

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