Binance Freezes IOTA Transactions During Critical Network Overhaul – What You Need to Know
In preparation for a groundbreaking network upgrade, Binance has announced temporary suspension of IOTA deposits and withdrawals starting May 5, 2025. This major development comes as IOTA transitions to an entirely new network architecture through a significant hard fork event.
The global cryptocurrency exchange will halt all IOTA deposits and withdrawals at approximately 6:00 a.m. (UTC) on May 5, coinciding with IOTA’s network upgrade scheduled for 7:00 a.m. (UTC) the same day. According to Binance’s official announcement, regular trading activities will continue uninterrupted during this period.
Users should note that Binance will resume IOTA deposit and withdrawal functions once the upgraded network demonstrates stability, though no specific timeline has been provided. The exchange stated it would reopen these functions without issuing further announcements.
Meanwhile, Binance.US is also supporting the upgrade but with slightly different timing. The American arm of the exchange will retire existing IOTA deposit addresses on May 2, 2025, at 11:00 p.m. EDT, and will suspend deposits and withdrawals on the same date.
IOTA’s Revolutionary Network Transformation
The upcoming “IOTA Rebased” upgrade represents a historic milestone for the project as it transitions from its current Stardust architecture to an entirely new network foundation. This transformation will be initiated through a Genesis Ceremony involving 13 validators, led by the IOTA Foundation alongside 12 other validator organizations.
Several other prominent cryptocurrency exchanges have also declared support for the network upgrade, including Bitfinex and Bithumb. While trading across these platforms will likely remain available, IOTA users should anticipate temporary disruptions to deposit and withdrawal services during the transition period.
This strategic network overhaul aims to enhance IOTA’s technical capabilities and set the foundation for future development. Crypto holders should prepare accordingly by completing any necessary IOTA transactions before the scheduled maintenance period begins.
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