Bitcoin Exchange Binance Announces Temporary Suspension of Deposits and Withdrawals on Its Network: Here’s Why

Binance has announced that it will temporarily suspend deposits and withdrawals of tokens on the ZIL network at 23:00 on June 22 in order to support the network upgrade and hard fork process on the Zilliqa (ZIL) network.

Binance to Halt Deposits and Withdrawals Due to Zilliqa (ZIL) Network Upgrade and Hard Fork

The network upgrade and Hard Fork planned by the project team will be carried out at block height 4,770,087 and is expected to go live on June 23, 2025 at 00:00.

Binance stated that it will provide all necessary technical support to ensure the best experience for users. During the upgrade, trading of tokens on the ZIL network will not be affected, only wallet transactions will be temporarily suspended.

After the successful completion of the network upgrade, deposits and withdrawals will be automatically reopened. Binance will not make any further announcements regarding the reopening of transactions.

It is recommended that users complete their ZIL transfers before the upgrade to avoid any inconvenience.

*This is not investment advice.