Rebecca Moen
Sep 16, 2024 04:26
Binance will support Sei (SEI) network upgrade starting from September 16, 2024. Deposits and withdrawals will be temporarily suspended.
Binance, one of the major cryptocurrency exchanges, has announced support for the upcoming Sei (SEI) network upgrade. According to Binance, the upgrade is scheduled to occur on September 16, 2024 at approximately 3:00 PM (UTC). As a result, deposits and withdrawals of tokens on the Sei (SEI) and Sei (SEI) EVM networks will be temporarily suspended.
Network Upgrade Details
The Sei network upgrade will occur at block height 102,491,599, estimated at 16:00 (UTC) on the same day. Binance has assured users that token trading on the affected network will not be affected during this period. The exchange will manage all technical requirements to ensure a smooth transition.
Impact on users
Binance stated that the suspension of deposits and withdrawals is a precautionary measure to ensure user safety and optimal performance during the upgrade. Services will resume once the upgraded network is deemed stable. Binance will not make any further announcements regarding the resumption of services.
Additional information
Binance advises users to refer to the original English version of the announcement for the most accurate and up-to-date information. Any discrepancies in the translated version should be resolved by referring to the original announcement.
For more details, please refer to the official announcement from Binance.
The upgrade is part of Sei’s ongoing efforts to improve network performance and user experience. Known for its robust infrastructure and innovative solutions, Sei Network aims to provide a more efficient and secure blockchain environment.
Binance actively supports network upgrades, which highlights the company’s commitment to maintaining a safe and reliable trading platform for its global user base.
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