Parallel Layer 2 Deposit Suspension Begins July 9th
CryptoNewsTerminal Staff08 Jul, 2024
Parallel Layer 2 Deposit Suspension Begins July 9th
Parallel Network, an omnichain Layer 2 network, recently announced that deposit functionality on its Layer 2 will be suspended starting July 9th. Withdrawal capabilities will remain unaffected by the suspension. No specific reason has been given for the suspension, but the network has assured users that funds are safe and accessible through withdrawals. The suspension is expected to be temporary, and Parallel Network plans to resume deposit functionality in the future. In the meantime, users are advised to withdraw any funds they wish to access before the suspension takes effect on July 9th.
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