Binance has announced support for the planned network upgrade and hard fork for the THORChain (RUNE) network. As a result, deposits and withdrawals will be temporarily suspended.
Technical Details of the Hard Fork
The network upgrade will occur at block 21,984,000. The hard fork is scheduled to start on July 16, 2025, at approximately 20:00. Deposits and withdrawals will be temporarily suspended starting at 19:00 on July 16, 2025.
Impact on Users
During the hard fork, only deposits and withdrawals on the RUNE network will be suspended. Trading in RUNE trading pairs will continue uninterrupted. Binance will handle all technical processes to ensure user safety.
Importance of the Upgrade for THORChain
This upgrade represents a significant step forward in improving the security and functionality of the THORChain network. After the successful completion of the upgrade, deposits and withdrawals will be reactivated once stability is ensured. No further announcements are expected.
The THORChain upgrade marks an important development for the network, aimed at enhancing its security and functionality. Binance continues to provide full technical support for its users.
