According to Binance's official announcement, the cryptocurrency exchange will temporarily suspend deposits and withdrawals on the Siacoin (SC) network starting from 2025-06-06 05:00 (UTC). This suspension is to facilitate a network upgrade and hard fork, aimed at enhancing the user experience.
Network Upgrade Details
- The network upgrade and hard fork are scheduled to occur at block height 526,000, approximately at 2025-06-06 06:00 (UTC).
- Trading of tokens on the Siacoin network will remain unaffected during this period.
- Binance will manage all technical requirements related to the upgrade on behalf of its users.
Post-Upgrade Actions:
- Deposits and withdrawals will resume once the network is confirmed to be stable post-upgrade.
- No additional announcements will be made regarding the reopening of these services.
Binance advises users to refer to the original English version of the announcement for the most accurate information, as discrepancies may exist in translated versions. The exchange expresses gratitude for users' support and understanding during this process.
