Temporary Suspension of Deposits and Withdrawals on Binance Due to Zilliqa Network Upgrade

user avatar

by Giorgi Kostiuk

a year ago

The exchange platform Binance has announced a temporary halt on deposits and withdrawals of tokens on the Zilliqa (ZIL) network at 11:00 PM on June 22 in support of the network upgrade and hard fork.

Reasons for the Suspension

The suspension of operations on the ZIL network is due to the need to support the network upgrade and hard fork, which are slated for June 23, 2025.

Details of the Zilliqa Network Upgrade

The network upgrade and hard fork will take place at block height 4,770,087 and are set to commence at 12:00 AM on June 23, 2025. Binance has confirmed that trading of tokens on the ZIL network will not be affected during this period.

User Recommendations

Users are advised to complete their ZIL transfers prior to the upgrade to avoid any inconvenience. After the successful completion of the upgrade, deposits and withdrawals will be automatically reopened.

Thus, users should plan their ZIL transactions in advance to avoid any disruptions during the network upgrade process.

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