Binance to Temporarily Suspend ETH Withdrawals on August 31
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Binance, a leading cryptocurrency exchange, has stated that deposits and withdrawals on the Ethereum Network (ERC20) would be temporarily suspended beginning on Aug. 31 at 6:25 a.m. (UTC). This is because Binance will be executing wallet maintenance for the Ethereum Network (ERC20) around the time of the pause. Three hours or so will be needed for the maintenance. After the maintenance is finished, Binance says it will resume deposits and withdrawals, though it might not inform users in a subsequent notice.
According to a statement made by Binance last week, ETH and ERC-20 token deposits and withdrawals on Binance will be momentarily halted twice in the next few weeks at about 11 a.m. UTC on Sept. 6 for the Bellatrix upgrade, and at 12 a.m. UTC on Sept. 15 for the Paris upgrade.
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