The following are the arrangements for the upcoming Ethereum London Hard Fork which is scheduled to happen at block height 12,965,000, approximately 2021/08/05 19:55 (GMT+08) (an estimated time which will be subjected to changes depending on block propagation times).
1. Spot Trading for ETH and ERC-20 tokens to continue
All ETH and ERC-20 tokens spot trading will not be affected. Please be reminded that the price volatility is often high during contentious hard forks.
2. Suspension of ETH Deposits & Withdrawals
ETH and ERC-20 tokens deposits and withdrawals will be suspended at approximately 2021/08/05 18:00 (GMT+08). All users have to leave sufficient time for your ETH and ERC-20 token transfers to be fully processed prior to the time above.
A separate announcement will be provided on the resume of deposits and withdrawals. It may also consist of information on how the ETH chain split affects them.
3. Actions to take depending on the outcome of ETH Hard Fork
If there is no creation of a new coin, ETH deposits and withdrawals shall be resumed as soon as possible.
However, should the chain split into two competing chains, Binance Singapore shall credit users with ETH from the chain with the most work done.
All users would also be credited with the coin from the minority chain at the ratio of 1:1 according to the snapshot of ETH balances at block height 12,965,000 at the estimated time of 2021/08/05 19:55 (GMT+08).
All details on this distribution would be announced later on.
Binance Singapore shall maintain the safety of users’ funds and handle all technical issues arising from this hard fork. Binance Singapore has the rights to provide an update on how to handle the chain split in a separate announcement later.
Thanks for your support!
Binance Singapore Team
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