Binance, one of the world's leading cryptocurrency exchanges, announced support for the upcoming Filecoin (FIL) network upgrade and Hard Fork.
Binance Announces Filecoin (FIL) Network Upgrade and Hard Fork Support
This strategic move aims to ensure a seamless experience for users during the transition and adapt to the latest developments in the Filecoin ecosystem.
Key Details of Network Upgrade:
Upgrade Schedule: Filecoin (FIL) network upgrade and Hard Fork is scheduled to occur approximately 12-12-2023 16:30.
Suspension of Deposits and Withdrawals: In preparation for the network upgrade, deposits and withdrawals of FIL tokens on the Filecoin network will be temporarily suspended. This measure is expected to begin approximately from 15:30 on 12-12-2023.
As a user-centric platform, Binance is committed to managing all technical issues related to the network upgrade. This includes ensuring users' assets are handled securely and the transition occurs with minimal disruption.
The suspension of deposits and withdrawals will be lifted once the upgraded Filecoin network is deemed stable.
Binance will carefully evaluate the performance and stability of the network before reactivating these services. Users will be able to continue their normal transactions on the platform after this evaluation is completed.
*This is not investment advice.