Binance to Pause IoTeX Transactions During Network Upgrade
Binance just dropped a quick notice—they’re backing the upcoming IoTeX (IOTX) network upgrade and hard fork. The whole thing kicks off June 19, 2025, once the blockchain hits block height 36,893,881. If you’re not deep into the technical weeds, don’t worry. Binance says they’ll handle the messy bits.
But here’s the catch: if you’re moving IOTX tokens around, you’ll need to plan ahead. Deposits and withdrawals get paused at 11:28 AM UTC on upgrade day. Trading? That stays live. No disruptions there.
What You Need to Do (Or Not Do)
Honestly, for most users, this won’t change much. Binance isn’t asking people to take any action—unless you were planning to deposit or withdraw IOTX right around the upgrade window. In that case, maybe do it earlier. Or wait. Either way, the exchange promises to reopen everything once the network settles.
They didn’t give a specific timeline for resuming transactions, though. Just a vague “we’ll restart when things look stable” line. No follow-up announcements either, so you’ll have to check your wallet and see.
Why This Matters—Or Doesn’t
Network upgrades aren’t rare. They happen all the time. But exchanges pausing deposits? That’s where things get annoying for users. Binance seems to be trying to avoid headaches by handling the upgrade silently. Whether that actually works? We’ll see.
The weird part is how little detail there is. No talk about what the hard fork changes, or why it’s happening. Just the basics: when, and what’s getting paused. Maybe that’s enough. Or maybe it leaves too many questions.
One thing’s clear—Binance isn’t treating this as a big deal. No hype, no lengthy explanations. Just a quick heads-up.
Final Notes
If you’re holding IOTX on Binance, you probably don’t need to sweat this. But if you’re mid-transfer when the pause hits, well, that’s a hassle. The usual disclaimer applies, of course: none of this is advice, financial or otherwise. Just facts, as they stand.
And hey, if you’re curious about what the upgrade actually does? You might have to dig deeper. Binance sure isn’t spelling it out.
