Binance Suspends VET Deposits and Withdrawals for VeChain Upgrade

Binance has announced that it will temporarily suspend VeChain's (VET) deposits and withdrawals to support the network's upcoming upgrade and hard fork.

The suspension is scheduled to take place on September 16, starting at 7:15 p.m. Korea Standard Time, and is expected to last until the network stabilizes after the update.

VET trading will remain available during this time, allowing users to continue buying and selling the token despite the suspension of deposits and withdrawals.

The VeChain network upgrade and hard fork are scheduled for approximately 8:15 p.m. on September 16 at block height 25,902,540.