Binance to temporarily suspend ETH and WETH deposits and withdrawals ahead

in hopdh •  2 years ago 

Cryptocurrency exchange Binance announced Monday that it plans to stop all deposits and withdrawals of Ethereum (ETH) and Wrapped Ethereum (WETH) on select networks starting at 2 a.m. (UTC) on September 6 in anticipation of Ethereum's merge event.

In the announcement, the company shared a list of tokens and networks that will be affected during the merger namely ETH (Arbitram), ETH (OP) and WETH (RON). The company stated that deposits of Ethereum (ETH) and Wrapped Ethereum (WETH) created on these networks will not be credited during the suspension, and affected users will not be eligible to receive any forked token credits in the event of a chain split.

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