Binance to Support Sei (SEI) Network Upgrade, Temporarily Halts Deposits and Withdrawals
Rebeca Moen Sep 16, 2024 04:26
Binance will support the Sei (SEI) network upgrade starting on September 16, 2024. Deposits and withdrawals will be temporarily suspended.
Binance, one of the leading cryptocurrency exchanges, has announced its support for the upcoming Sei (SEI) network upgrade. According to Binance, the upgrade is scheduled to start on September 16, 2024, at approximately 15:00 (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 the block height of 102,491,599, which is estimated to be around 16:00 (UTC) on the same day. Binance has assured users that the trading of tokens on the affected networks will not be impacted during this period. The exchange will manage all technical requirements to ensure a smooth transition.
Impact on Users
Binance has clarified that the suspension of deposits and withdrawals is a precautionary measure to ensure user safety and optimal performance during the upgrade. The services will resume once the upgraded network is deemed stable. Binance will not issue a further announcement regarding the resumption of services.
Additional Information
Binance has advised users to consult the original English version of the announcement for the most accurate and up-to-date information. Any discrepancies in translated versions should be resolved by referring to the original announcement.
For more details, refer to the official announcement from the Binance.
The upgrade is part of Sei's ongoing efforts to enhance network performance and user experience. The Sei network, known for its robust infrastructure and innovative solutions, aims to provide a more efficient and secure blockchain environment.
Binance's proactive approach in supporting network upgrades underscores its commitment to maintaining a secure and reliable trading platform for its global user base.
Image source: Shutterstock