Binance has announced a temporary halt on Stratis (STRAX) deposits and withdrawals beginning June 11, 2024, at 10:00 AM UTC. This suspension is to support the upcoming STRAX network upgrade and hard fork which will introduce improvements to the Stratis platform, enhancing its capabilities for decentralized applications, smart contracts, and overall efficiency. The network upgrade involves a hard fork, creating a permanent divergence from the previous version of the blockchain. To ensure user security during this transition, Binance is suspending deposits and withdrawals temporarily. Users can utilize existing funds before June 11th but cannot initiate any new transactions after that date until services resume.