April 28, 2024

Binance Announces Temporary Suspension of Operations on the Ethereum Network

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Binance Announces Temporary Suspension of Operations on the Ethereum Network

The world's largest crypto exchange notified the suspension of operations in ERC20 on June 27, while technical work was carried out.

Binance suspends wallet operationsEthereum should take about two hours. Only deposits and withdrawals of ERC-20 tokens will be suspended, representatives of the site promise. However, trading operations will continue and will not be affected. Suspended operations should resume immediately after:

“Deposits and withdrawals will resume once maintenance is completed.”

This is not the first time that stock exchanges have been servicedwallets that Binance has held in recent months. Earlier in June, the exchange suspended the withdrawal of bitcoins into US dollars due to a delay caused by a frozen transaction.