Binance has announced a temporary suspension of the Terra Classic (LUNC) token deposit and withdrawal services to facilitate a crucial network upgrade. The suspension will commence at 19:57 Eastern Time on December 17, 2024, as detailed in the latest communication from the exchange. This upgrade aims to optimize the network’s performance at block height 21,163,600, which is anticipated to occur at approximately 20:57 Eastern Time on the same day. As Binance plays a pivotal role in the cryptocurrency ecosystem, this upgrade is expected to enhance the security and efficiency of the Terra Classic network. Traders and investors are advised to prepare for this scheduled maintenance, which underscores the importance of adhering to crypto exchange announcements. Staying informed about such upgrades is essential for navigating the evolving landscape of digital assets.
Source: https://en.coinotag.com/breakingnews/binance-to-suspend-terra-classic-lunc-transactions-for-upcoming-network-upgrade-on-december-17-2024/