Conflux’s v3.0.1 Upgrade Forces Binance to Halt CFX Transactions for Stability

Binance has announced that it will suspend deposits and withdrawals for the Conflux Network (CFX) token starting September 1, 2025, in support of the blockchain’s upcoming network upgrade and hard fork. This temporary suspension is a standard practice to ensure seamless execution of the upgrade and to prevent transaction issues during the transition period.

The Conflux Network is set to undergo a significant hard fork upgrade, transitioning to version 3.0.1, which is expected to occur on August 31, 2025, when the network’s Epoch Number reaches 129680000. This event is anticipated to happen at 08:00 (UTC+8) on that date. The Conflux team has urged all node operators to update their systems to the latest version in a timely manner to prevent any potential disruptions to the network’s stability and functionality [1]. The upgrade is a critical step in enhancing the blockchain’s scalability and performance, aligning with broader industry trends toward more efficient and secure decentralized infrastructure.

To help users and developers prepare for the upgrade, Conflux has provided a Blocknumber Calculator on the Conflux Scan platform. This tool allows users to verify the exact timing of the hard fork by inputting the relevant epoch number, ensuring that stakeholders are well-informed and able to take necessary actions ahead of the scheduled event [1]. The upgrade package, labeled “Conflux v3.0.1,” is available for download on the project’s official GitHub page, where detailed technical documentation is also provided.

The timing of the upgrade is particularly significant, as blockchain platforms globally continue to focus on improving transaction throughput and operational efficiency. For Conflux, the v3.0.1 release is expected to strengthen its position in the competitive blockchain landscape by addressing known limitations and optimizing core functionalities. If implemented successfully, the upgrade could enhance the network’s appeal to developers and attract further investment in its ecosystem.

In light of these developments, Binance’s decision to pause CFX deposits and withdrawals is both a precautionary and strategic move. It reflects the exchange’s commitment to maintaining a stable and secure environment for its users during critical network transitions. Users affected by the suspension are advised to monitor Binance’s official communications for updates on when the services will resume, which is expected to coincide with the completion of the Conflux Network upgrade.

The broader implications of the upgrade remain to be seen, but early analyses suggest that it could contribute to a more scalable and resilient blockchain infrastructure for Conflux. As with any major network upgrade, the success of the v3.0.1 hard fork will depend on the coordination of node operators, community adoption, and the smooth execution of the technical migration process [1].

Source: [1] Conflux (CFX) Network Schedules Critical v3.0.1 Hardfork Upgrade (https://blockchain.news/news/conflux-network-schedules-critical-v3-0-1-hardfork-upgrade)