According to the announcement from Binance, the platform will temporarily suspend deposits and withdrawals of tokens on the Zilliqa (ZIL) network starting approximately at 2025-06-22 23:00 (UTC). This suspension is to facilitate a network upgrade and hard fork aimed at enhancing user experience. The upgrade is scheduled to occur at block height 4,770,087, which is expected around 2025-06-23 00:00 (UTC).
The trading of tokens on the Zilliqa network will remain unaffected during this period. Binance assures users that it will manage all technical requirements related to the upgrade. Once the network is confirmed to be stable post-upgrade, deposits and withdrawals will be reopened. This process may take up to one week, and no further announcements will be made regarding the reopening.
Users are advised to stay informed about the network's status through official channels. The upgrade is part of ongoing efforts to improve the network's performance and reliability. Binance emphasizes that the suspension is a temporary measure to ensure a seamless transition during the upgrade process.
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