Cryptocurrency Q&A
Why is ERC20 suspended?
Why is ERC20 suspended?
JessicaMiller
Sun May 12 2024
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7 answers
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Why has ERC20 been suspended? I'm keen to understand the reasons behind this decision. Could it be related to recent technical issues or security vulnerabilities? Has there been any official announcement or explanation from the relevant authorities? I'm particularly interested in how this suspension might affect the broader cryptocurrency market and the holders of ERC20 tokens. Is there any risk involved, and what steps should we take to safeguard our investments? I'm looking for a comprehensive yet concise answer to these questions.
7 answers
Carlo
Tue May 14 2024
During this time, users will not be able to deposit or withdraw Ethereum and ERC20 tokens on Binance.
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Martino
Tue May 14 2024
The exchange will temporarily halt deposits and withdrawals of Ethereum and ERC20 tokens.
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BlockchainVisionary
Tue May 14 2024
This suspension applies specifically to the ETH network.
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Luca
Tue May 14 2024
The reason behind this temporary halt is to perform wallet maintenance for the Ethereum network.
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BitcoinWarrior
Tue May 14 2024
Binance, renowned as the world's largest cryptocurrency exchange, has made an announcement.
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