OKX to Facilitate Centrifuge (CFG) Crypto Migration Process

In a significant move for the Centrifuge (CFG) ecosystem, OKX has announced its support for the migration of CFG tokens, as per the official plan outlined by Centrifuge. The migration process will see a temporary suspension of deposits and withdrawals, starting from 2:00 am UTC on November 3, 2025, according to the official announcement from OKX.

Migration Schedule and Impact

The scheduled migration is set to occur between 2:00 am UTC on November 3 and 12:00 pm UTC on November 4, 2025. OKX has committed to completing the migration within this timeframe. However, users are advised that coordination with the project team and other involved parties may cause potential delays.

Importantly, the trading of CFG will not be affected during this migration period. This ensures that users can continue trading without interruption while the backend processes are underway.

Post-Migration Changes

Following the successful completion of the migration, OKX will reinstate CFG deposits and withdrawals. However, it will no longer support deposits of the old token. Only deposits of the new token, identifiable by the contract address 0xcccccccccc33d538dbc2ee4feab0a7a1ff4e8a94, will be accepted. Users are urged to ensure they are depositing the new token to avoid any potential losses.

Context and Implications

This migration aligns with Centrifuge’s strategic initiatives to enhance its blockchain infrastructure. By moving to a new token contract, Centrifuge aims to improve security and scalability, which are crucial for supporting its growing ecosystem.

The broader crypto community is watching this migration closely, as successful execution could set a precedent for similar projects considering token upgrades. OKX’s involvement underscores its commitment to supporting blockchain innovation and providing its users with seamless access to updated digital assets.

Conclusion

As the migration unfolds, stakeholders in the Centrifuge community and users on the OKX platform are encouraged to stay informed and exercise caution during the transition. For more detailed information, the official announcement can be accessed on OKX.

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