Ethereum (ETH) Withdrawals Temporarily Suspended by Binance
Binance, one of the leading cryptocurrency exchanges, has announced a wallet maintenance operation that will impact Ethereum network users. Specifically, Binance will be conducting maintenance on the Ethereum network (ERC20).
Wallet Maintenance Scheduled for October 24th
On October 24th at 7:00 a.m. Coordinated Universal Time (UTC), Binance will begin wallet maintenance focused on the Ethereum network (ERC20). This maintenance is expected to last around two hours and aims to ensure the integrity of the network.
Starting at 6:55 a.m. (UTC) on the same day, Ethereum deposits and withdrawals on Binance will be temporarily suspended. This means that you will not be able to transfer your ETH in or out of the platform during this maintenance period.
However, it’s important to note that trading digital assets and currencies on the Ethereum network (ERC20) will continue without any interruptions. So if you are actively involved in trading or planning to do so, you can carry out your transactions as usual.
Tron Wallets Previously Under Maintenance
This announcement comes after Binance’s recent wallet maintenance on the Tron network, which took place on October 18th. During that time, Binance assured its users not to worry if they noticed significant transactions from its TRX hot wallet.
It is crucial to understand that this suspension is temporary, and Binance is actively working to address these concerns and resume Ethereum withdrawals as soon as possible.
Hot Take: Binance Temporarily Suspends Ethereum Withdrawals for Maintenance
Binance, one of the top cryptocurrency exchanges, has announced a temporary suspension of Ethereum withdrawals for maintenance on the Ethereum network (ERC20). The scheduled wallet maintenance is expected to last approximately two hours. During this time, you will not be able to transfer ETH in or out of the platform.
However, trading on the Ethereum network (ERC20) will continue without any interruptions, allowing you to carry out transactions as usual. This announcement follows Binance’s recent wallet maintenance on the Tron network.
Rest assured that Binance is actively addressing these concerns and working towards resuming Ethereum withdrawals as soon as possible.
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