Binance Supports Shentu Network Upgrade, Pauses Deposits and Withdrawals

Binance has confirmed its support for the Shentu Network upgrade, scheduled for July 22. To facilitate a smooth transition, the exchange will pause deposits and withdrawals on the CTK network an hour earlier than usual, at 3:00 PM. However, trading activities will continue without any interruptions. Binance has assured its users that it will handle all technical aspects of the upgrade, and services will automatically resume once the network stabilizes. No further announcements are expected from the exchange regarding this matter.

Previously known as CertiK Chain, Shentu is a blockchain platform with a focus on smart contract security and auditing. The upcoming upgrade is designed to enhance the network’s scalability, performance, and security features. This development underscores Binance’s dedication to supporting blockchain protocol upgrades and ensuring a seamless experience for its users.

Binance’s proactive approach to managing the Shentu Network upgrade reflects its broader strategy of maintaining robust support for various blockchain ecosystems. By taking charge of the technical details and ensuring minimal disruption to user activities, Binance aims to uphold its reputation as a reliable and user-friendly platform. This initiative is part of a broader effort to foster innovation and security within the blockchain industry, aligning with the platform’s mission to provide a secure and efficient trading environment.