Bitcoin Exchange Binance Announces It Will Suspend Deposits and Withdrawals of Many Altcoins on the BNB Network!

Binance, a leading global cryptocurrency exchange, has announced that it will stop supporting deposits and withdrawals of various tokens through certain networks starting October 23, 2024, at 11:00 AM.

Binance to Stop Supporting Token Deposits and Withdrawals on Select Networks Until October 23, 2024

Users are advised to take action before the deadline to avoid possible asset losses.

After the blackout period, any deposits made through the specified networks will not be credited to users’ accounts and may result in loss of assets. The affected tokens and their respective networks are:

• Beta Finance (BETA) via BNB Smart Chain
• Cream Finance (CREAM) via BNB Smart Chain
• Linear Finance (LINA) via BNB Smart Chain
• IRISnet (IRIS) via BNB Smart Chain
• Unfi Protocol DAO (UNFI) via BNB Smart Chain
• Kava Lend (HARD) via BNB Smart Chain
• CLV (CLV) via BNB Smart Chain
• Prosper (PROS) via BNB Smart Chain
• VITE (VITE) via BNB Smart Chain
• Ooki Protocol over Matic Network (OOKI)

Despite the removal of support for these specific networks, Binance users will still be able to deposit and withdraw the affected tokens via other networks that Binance continues to support.

The platform encourages users to verify existing networks before making any deposits or withdrawals to ensure successful transactions.

Binance advises all users to adjust their deposit and withdrawal methods for the affected tokens before the 11:00 AM deadline on October 23, 2024 to avoid any potential disruptions or loss of funds.

For more information, users can refer to Binance’s official announcements and help center for guidance on network availability and alternatives to manage their assets.

*This is not investment advice.