🔔 Binance has announced a temporary suspension of IOTA deposit and withdrawal operations on May 5, 2025, in support of the IOTA network upgrade and the scheduled hard fork on the same day, as part of a move aimed at ensuring a smooth update and providing a stable user experience.

✨ According to the official statement, the suspension of deposits and withdrawals will begin at 6:00 AM UTC, one hour before the expected implementation of the update at 7:00 AM.

✨ Trading of IOTA on the platform will continue unaffected, with the resumption of deposit and withdrawal activities occurring as soon as the new network stabilizes, without a specific timeline provided for this.

✨ In the same context, Binance US, the American arm of the platform, announced parallel steps that include withdrawing current deposit addresses on May 2 at 11:00 PM EST, in preparation for the suspension of deposit and withdrawal for the IOTA network in conjunction with the upgrade.

✨ These moves come in preparation for the "IOTA Rebased" update, which is a fundamental shift in the network's architecture, transitioning from the existing "Stardust" system to a completely new network.

✨ This network is set to be launched via a ceremony featuring 13 validators led by the IOTA Foundation, alongside an initial group of 12 additional validators.

✨ Other platforms such as Bitfinex and Bithumb have also announced their official support for the upgrade, while users are advised to prepare for the possibility of a temporary suspension of deposits and withdrawals.