Binance Halts ETH Deposits & Withdrawals, Delists Three Altcoins

Binance, the world's leading cryptocurrency exchange, has announced two important updates that affect its users. Firstly, the company will temporarily halt deposits and withdrawals on the Ethereum network on August 27 to support wallet maintenance. The process is expected to take about one hour, after which operations will resume.

The suspension of deposits and withdrawals on the Ethereum network is a routine upgrade to ensure the stability and security of user wallets. Binance has successfully completed similar upgrades in the past without any significant complications for clients. For example, the company supported wallet maintenance on the Ethereum blockchain in May this year and temporarily paused TRX deposits and withdrawals to perform a similar process.

In addition to the upgrade, Binance has also announced that it will delist three altcoins: ICON (ICX), Secret (SCRT), and Storj (STORJ) on September 3. The decision to terminate all services with these tokens was made after a thorough review of their digital assets listed on its platform.