ETH and ERC-20 Deposits, Withdrawals Now Suspended on Binance: Details

We will provide updates on here once deposits and withdrawals have resumed.According to sassal.eth, the Bellatrix upgrade has finalized:"The Bellatrix upgrade just went live on the Ethereum Beacon Chain. Next up is the mainnet merge, which will happen in less than 9 days. The Merge is coming."

At the time of publication, Binance is yet to give indications on whether deposits and withdrawals have resumed on the platform. Aside from this current halt, Binance earlier announced that ETH and ERC-20 token deposits and withdrawals on Binance will also be momentarily halted at 12:00 a.m. UTC on Sept. 15 for the Paris upgrade. Additionally, Binance said that it will temporarily suspend BETH deposits and withdrawals starting at 12:00 p.m. UTC on Sept. 14, 2022, and ending at 12:00 p.m. UTC on Sept. 16, 2022.It states that"ETH 2.0" staking on Binance will continue after the proof-of-stake transition.

The second scenario is if an ETH fork produces two chains that compete with one another and a new token. The ETH ticker will serve as a marker for the Ethereum PoS chain. Then users will be credited with the forked token based on the snapshot of their ETH balances. Expectations remain in place following the successful completion of the Bellatrix upgrade, which will trigger the Merge mainnet update.

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