Binance announced that it will support the planned network update and hard fork of the altcoin Zilliqa (ZIL). In this context, deposit and withdrawal operations on the Zilliqa network will be temporarily halted around 02:00 on June 23, 2025.

The update is expected to take place at 03:00 on June 23, 2025, at block height 4,770,087.

Cryptocurrency exchange Binance announced that it will temporarily suspend user transactions due to an important network update and hard fork for the Zilliqa (ZIL) blockchain network. Starting from 02:00 on Monday, June 23, 2025, the deposit and withdrawal operations of ZIL tokens will be halted until the network reaches the block height of 4,770,087, where the update will take place. This step was taken to ensure the smooth progress of the update process and to protect the user experience.

Binance will undertake all necessary technical preparations during these changes in the Zilliqa network. Users do not need to perform any extra actions for the ZIL balances in their wallets or on the exchange. The update will be managed by Binance in the background, keeping your assets safe.

On the other hand, the trading operations of ZIL and related tokens on Binance will not be affected during the Zilliqa network update. While deposit and withdrawal operations are temporarily closed, users will still be able to comfortably continue their purchases and sales of ZIL.

When Will Deposit and Withdrawal Operations Reopen?

Binance will decide when to restart deposit and withdrawal operations by evaluating the performance of the Zilliqa network after the hard fork and update is completed. During this process, the stability and reliability of the updated network will be tested.

The exchange stated that this evaluation process could take up to a week, but it could be shorter depending on the state of the network. No separate notification will be made regarding the reopening of transactions; users are advised to follow Binance's official announcements or check the status of the Zilliqa network in the 'Wallet' section of the platform.


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