Binance Suspend ETH Deposits and Withdrawals Until the Merge is Complete
The long-awaited Ethereum merge is expected to reduce the Ethereum network's energy consumption by a predicted 99.95%, making it more environmentally friendly.
Binance announce on Monday, September 5th, That it would conduct a wallet suspension for Ethereum on several networks pending the “Merge”. The affected tokens include Ethereum(ETH) and Wrapped Ethereum(WETH) on selected networks, starting September 6th at 2 am (UTC) in anticipation of Ethereum's Merge event.
#Binance will suspend deposits and withdrawals for Ether $ETH and Wrapped Ether $WETH on the following networks starting from September 6, 2022 at 02:00am UTC.
— Binance (@binance) September 5, 2022
🔸 ETH (Arbitrum)
🔸 ETH (OP)
🔸 WETH (RON)
Binance stated that the affected tokens are ETH on the Arbitum and Optimism networks, and WETH on the Ronin network. The suspension will start on September 6th—Tuesday—and will last until all the networks are deemed stable after the Merge.
The long-awaited Ethereum merge is expected to reduce the Ethereum network's energy consumption by a predicted 99.95%, making it more environmentally friendly.
