Binance to Support Conflux (CFX) Network Upgrade & Hard Fork

Binance has announced its support for the upcoming Conflux (CFX) network upgrade and hard fork. This important update is going to take place on August 13, 2024, at approximately 05:30 (UTC), targeting the block height of 247,480,000.

To ensure a smooth transition and to provide the best user experience, Binance will temporarily suspend deposits and withdrawals of CFX tokens starting at the specified time. The suspension is a precautionary measure to mitigate any potential issues during the network upgrade and hard fork process.

Binance to Support Conflux (CFX) Network Upgrade & Hard Fork

It is important to note that while deposits and withdrawals will be unavailable, the trading of CFX tokens will continue uninterrupted. Binance has reassured its users that all technical aspects of the upgrade will be managed internally by their team, so users do not need to take any additional steps during this period.

Binance will resume deposits and withdrawals for CFX tokens once the network upgrade is complete and the network is stable. The platform has shared that no further announcements will be made regarding reopening these services, so users should stay vigilant and monitor the stability of the network post-upgrade.

This upgrade is a crucial step for the Conflux network, aimed at enhancing its performance and capabilities. Users have to stay informed by referencing the original English version of Binance’s announcement, as translations may vary and contain discrepancies.

Binance’s approach to supporting the Conflux network upgrade shows its commitment to providing a secure and efficient trading environment for its users. By handling all technical requirements, Binance aims to ensure a seamless experience for all CFX token holders during this transition.

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