The cryptocurrency exchange Binance is poised to take a significant step in line with the scheduled network upgrade and hard fork of the altcoin Zilliqa’s (ZIL) blockchain. Binance announced it will temporarily suspend cryptocurrency deposits and withdrawals over the Zilliqa network starting approximately at 02:00 on Monday, June 23, 2025. This decision aims to ensure a seamless update process and maintain optimal user experience. The suspension will initiate before the upgrade occurs at the block height of 4,770,087, estimated to be around 03:00 on Tuesday, June 23, 2025.
Zilliqa Network’s Update Process and Binance’s Role
Binance has confirmed that it will undertake all necessary technical infrastructure preparations as part of the Zilliqa network’s upgrade and hard fork. This means that users do not need to take any additional actions with their ZIL coin balances within their wallets or the exchange. Assets will remain secure, and the update process will be managed in the background by the exchange.
During these fundamental changes to the Zilliqa network, trading of ZIL and related coins on Binance will remain unaffected. Users can continue to trade ZIL coins effortlessly, even while deposit and withdrawal processes are on hold.
When Will Deposit-Withdrawal Services Resume?
Following the completion of the upgrade and hard fork, Binance will review when deposits and withdrawals over the Zilliqa network can be reinstated. It is essential for the updated network to be adequately tested for stability and reliability before resumption of services.
The cryptocurrency exchange indicated that this evaluation and preparation phase might take “up to a week”. This duration could be shorter depending on the network’s performance. Binance will not issue a separate announcement regarding the resumption of operations. Therefore, users must keep an eye on Binance’s official communication channels or check the status of the relevant network in the platform’s “Wallet” section.
