According to the announcement from Binance, the platform will temporarily suspend deposits and withdrawals of tokens on the Shentu (CTK) network starting from 2025-07-22 12:00 (UTC). This suspension is to facilitate a network upgrade and hard fork, aimed at enhancing user experience. The upgrade is scheduled to occur at block height 24,865,200, approximately at 2025-07-22 13:00 (UTC).
The trading of tokens on the Shentu network will remain unaffected during this period. Binance assures users that it will manage all technical requirements related to the upgrade. Once the network is confirmed to be stable post-upgrade, deposits and withdrawals will be reopened. However, no additional announcements will be made regarding the reopening.
This upgrade is part of Binance's ongoing efforts to maintain optimal service quality and ensure the security and efficiency of its network operations. Users are advised to stay informed about the upgrade process and any potential impacts on their transactions. The announcement underscores Binance's commitment to providing a seamless trading experience while adapting to necessary technological advancements.