Binance announced that it is supporting the event to ensure a smooth transition and optimal user experience during the upcoming Horizen (ZEN) network upgrade and hard fork.
Binance Preparing for Horizen (ZEN) Network Upgrade and Hard Fork
The platform will take the necessary measures to adapt to the changes, including the temporary suspension of deposits and withdrawals for tokens on the Horizen network.
Suspension Timeline:
Suspension of Deposits and Withdrawals: Will begin approximately at 14:00 on February 7, 2024.
Upgrade and Hard Fork Execution: Scheduled to occur approximately on February 7, 2024 at 15:00 at block height 1,502,800.
Impact on Trading:
Despite the suspension of deposits and withdrawals, token trading on the Horizen network will not be affected during this period. Users will be able to continue trading without interruption.
Technical Support by Binance:
Binance will handle all technical requirements regarding the network upgrade and Hard Fork to ensure a smooth transition for all users.
Once the upgraded network is stable and deemed trustworthy, Binance will reopen deposits and withdrawals for tokens on the Horizen network. Users will be notified about the resumption through the platform's official channels.
*This is not investment advice.
