Binance has announced its support for the upcoming network upgrade and hard fork on the Shentu CTK network, prompting a temporary suspension of token deposits and withdrawals. This measure aims to safeguard users' assets during the transition period, and the source reports that users will be notified once the services are restored.
Binance to Halt CTK Network Transactions for Upgrade
Starting at 20:00 on October 24, 2025, Binance will halt all CTK network transactions to facilitate the upgrade, which is set to occur at block height 26,267,300. The process is expected to conclude around 21:00 the same day, after which operations will resume once the network's stability is confirmed.
About Shentu and Upcoming Enhancements
Shentu, previously known as CertiK Chain, is dedicated to enhancing blockchain security through on-chain audits and decentralized security solutions. The upcoming upgrade is anticipated to introduce several technical enhancements that will improve both network performance and transaction security.
User Advisory During Upgrade
Binance has advised users to stay informed by following official announcements to mitigate any potential risks during this period. While CTK transactions will be paused, trading of the token will remain unaffected, allowing users to continue their trading activities without interruption. Please note that this information is not investment advice.
In a notable development, WazirX has reopened deposits in Indian Rupees and various cryptocurrencies, addressing community concerns amid its recovery efforts. This contrasts with Binance's temporary suspension of CTK network transactions for an upgrade. For more details, see WazirX Resumes Deposits.
