Yuri Molchan

Binance has announced that it plans to carry out Tron wallet maintenance

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The world’s largest crypto trading platform, Binance, in a recent blog post that it plans to perform maintenance for the Tron wallet from June 23.

The tweet in which the link to the post was shared does not indicate when the maintenance will end, but warns that all deposits and withdrawals will be suspended until its end.

#Binance will perform wallet maintenance for the @ronddao $TRX network as of June 23 05:55 UTC.

Deposits and withdrawals will be temporarily suspended and will reopen once maintenance is complete.https://t.co/EsevhXTIhq

— Binance (@binance) June 20, 2022

However, the blog post makes it clear that the maintenance procedure will take an hour. During that time, Tron’s trading activities will continue. Binance does not intend to make any further announcements regarding the start or end of the technical proceeding.

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A week ago, Binance also suddenly suspended Bitcoin deposits and withdrawals, stating that the problem was caused by a stuck on-chain transaction. Earlier that day – June 13 – Bitcoin’s price suddenly collapsed to a low of $23,964, which now appears to be a pretty high level as BTC is trading at $20,554 at the time of writing after recovering somewhat from a decline to $19,259 level.