Binance to Halt NEO Deposits and Withdrawals for Network Upgrade
CryptoNewsTerminal Staff24 May, 2024
Binance to Halt NEO Deposits and Withdrawals for Network Upgrade
Binance, a prominent cryptocurrency exchange, has announced that it will temporarily suspend deposits and withdrawals of NEO on May 27th at 2 PM (Korean Standard Time) to facilitate a network upgrade and hard fork. This suspension is essential to ensure the integrity and security of the NEO blockchain during the upgrade process. Deposits and withdrawals will resume once the upgrade is complete, and Binance will provide updates on its progress. NEO holders on Binance are advised to plan accordingly and complete any necessary transactions before the suspension. The exchange recommends suspending any NEO-related activities during the maintenance period to avoid potential disruptions. Binance is committed to providing a secure and reliable trading environment for its users. The network upgrade is expected to enhance the functionality and security of the NEO blockchain, benefiting users and the broader ecosystem.
