Binance Temporarily Suspends SEI and KDA Deposits and Withdrawals Ahead of Network Upgrades
CryptoNewsTerminal Staff27 May, 2024
Binance Temporarily Suspends SEI and KDA Deposits and Withdrawals Ahead of Network Upgrades
Binance Suspends SEI and KDA Transactions for Hard Forks Binance, the world's leading cryptocurrency exchange, recently announced that it will be temporarily suspending deposits and withdrawals for Sei (SEI) and Kadena (KDA) due to upcoming hard forks and network upgrades. SEI deposits and withdrawals will be suspended from 11 PM KST on May 27th, while KDA deposits and withdrawals will be suspended from 8 AM KST on May 30th. These suspensions are necessary to ensure the smooth execution of the network upgrades and protect user funds during the process. Binance will resume deposits and withdrawals for both SEI and KDA once the hard forks and network upgrades are complete. The exchange will provide further updates on the resumption of services in due course. Binance's support for the SEI and KDA hard forks demonstrates its commitment to supporting the growth and development of the blockchain ecosystem. The upcoming upgrades are expected to bring significant improvements to the respective networks, enhancing their functionality and security.
