Binance Suspends CHZ Deposits and Withdrawals June 17th for Network Upgrade

IconCryptoNewsTerminal Staff14 Jun, 2024

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Binance Suspends CHZ Deposits and Withdrawals June 17th for Network Upgrade

Binance has announced the suspension of Chiliz (CHZ) deposits and withdrawals on June 17th at 4 PM (Korean time). This suspension is to support the upcoming Chiliz network upgrade and hard fork. CHZ holders on Binance will not be affected by the upgrade and will receive the upgraded CHZ tokens automatically Binance encourages users to leave sufficient time for their CHZ deposits to be processed before the suspension takes effect. Trading of CHZ will not be affected during this period. The Chiliz hard fork is expected to improve the network's scalability and performance. Binance will provide further updates on the status of the upgrade and the resumption of CHZ deposits and withdrawals

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