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Binance announced that it will support the IRISnet network update. Cryptocurrency exchange Binance announced in a blog post that it will support the IRISnet network update. Binance‘s announcement was as follows:
“Dear Binancians,
Starting on 2024-05-20 04:30 (UTC), Binance will temporarily suspend deposits and withdrawals of tokens on the IRISnet (IRIS) network. During this period, updating the network will be supported and the user experience will be kept at the highest level.
The network update will occur at block height 25,006,118 or approximately 05:30 (UTC) on 2024-05-20.
Attention please:
Trading of tokens on the specified network will not be affected by this process.
Binance will meet all necessary technical requirements for all users.
Once the updated network is confirmed to be stable, deposits and withdrawals of tokens on the specified network will be reopened. “No further announcement will be made regarding the issue.”