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Crypto Prune > Exchange > Bitcoin Exchange Binance announces temporary suspension of deposits and withdrawals on its network: Why is there a reason?
Exchange

Bitcoin Exchange Binance announces temporary suspension of deposits and withdrawals on its network: Why is there a reason?

7 months ago 1 Min Read

Binance has announced that it will temporarily suspend the deposits and withdrawal of Zil network tokens at 11:00 PM on June 22nd to support network upgrades and hard fork processes on the Zilliqa (Zil) network.

Binance to upgrade Zilliqa (ZIL) network and stop deposits and drawers from hard forks

The network upgrades and hard forks planned by the project team will run at block height of 4,770,087 and are scheduled to be published at 00:00 on June 23, 2025.

Binance said it will provide all the technical support it needs to ensure the best experience for its users. During the upgrade, token transactions on the ZIL network will not be affected, and only wallet transactions will be temporarily suspended.

After the network upgrade is successful, deposits and withdrawals will resume automatically. Binance will not make any further announcements regarding the resumption of transactions.

To avoid any inconvenience, it is recommended that users complete the ZIL transfer before the upgrade.

*This is not investment advice.

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