This is the update regarding the Ethereum London Hard Fork. Binance Singapore has resumed deposits and withdrawals for ETH and ERC-20 tokens.
The following are the information which we would like to share with you:
1) There is no creation of a new token.
2) Any accounts with pending ETH and ERC-20 tokens deposit shall be subjected to a withdrawal restriction on the equivalent value of ETH and ERC-20 tokens in SGD. The restriction shall be removed upon reaching 12 Ethereum block confirmations.
3) 12 Ethereum block confirmations would be required before crediting ETH and ERC-20 tokens deposits.
4) Block confirmation requirements would be adjusted according to the stability of the Ethereum network.
You can refer to more information over here.
Thanks for your support!
Binance Singapore Team
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