September 29, 2022

Binance will close the Ethereum wallet (ERC-20) for maintenance

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According to the press service of the Binance cryptocurrency exchange, on September 23, 2022, the company’s technical department will launch an update of the Ethereum (ETH) cryptocurrency wallet and ERC-20 standard tokens. Starting from 9:00 Moscow time, access for users will be closed. According to the developers, the maintenance procedure should take no more than three hours.

The specialists of the cryptocurrency platform assured that the technical update will not affect the trading of ether (ETH) and ERC-20 tokens based on Ethereum. However, deposit and withdrawal options will be frozen 5 minutes before the start of the procedure and will become unavailable during the entire service process. As soon as the update is successfully completed, the trading platform will once again give its clients the opportunity to make all transactions with virtual assets.

Binance warned that they would no longer make announcements under this procedure and all users should be prepared.

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