Binance Halts INJ Deposits and Withdrawals for Network Upgrade
CryptoNewsTerminal Staff19 Aug, 2024
Binance Halts INJ Deposits and Withdrawals for Network Upgrade
Binance, the world's leading cryptocurrency exchange, has announced that it will temporarily suspend deposits and withdrawals of Injective (INJ) tokens at 23:00 (Korean Standard Time) on the 20th of this month. This suspension is necessary to facilitate a scheduled network upgrade on the Injective blockchain. The upgrade aims to enhance the security and stability of the Injective network. During the suspension period, users will not be able to deposit or withdraw INJ tokens from Binance. However, all other INJ-related services, such as trading, will remain unaffected. Binance anticipates that the suspension will be lifted once the network upgrade is complete. The exchange will provide updates on the progress of the upgrade through its official channels. In the meantime, users are advised to refrain from sending or receiving INJ tokens during the suspension period. Any deposits or withdrawals made during this time may be lost.
