Crypto News

Binance Announces the Support of the Klaytn (KLAY) Network Upgrade & Hard Fork

Klaytn (KLAY)

Binance has announced its support for the upcoming Klaytn (KLAY) network upgrade and hard fork. The upgrade is scheduled to take place at block height 135,456,000, which is expected to happen at around 01:00 (UTC) on October 16, 2023.

As part of the upgrade process, Binance said that deposits and withdrawals of tokens on the Klaytn network will be temporarily suspended, starting at around 00:00 (UTC) on October 16, 2023.

However, it’s important for users to note that the trading of tokens on the Klaytn network will not be affected during this period.

The Binance team said it will take care of all the technical requirements to ensure a smooth transition for its users.

Once the upgraded network is stable, deposits and withdrawals for tokens on the Klaytn network will be reopened. Furthermore, the team says that no further announcements will be posted in this regard.

In addition to its support for Klaytn, Binance has expressed its support for the upcoming network upgrade of aelf (ELF). This upgrade is scheduled to occur at block height 175,663,892, around 1:00 PM on October 17, 2023.


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