Binance Suspends THORChain Transactions for Network Upgrade

Binance has announced a temporary suspension of RUNE token deposits and withdrawals starting August 28, 2025 at 16:00 UTC. This action is planned to facilitate a network upgrade and hard fork aimed at enhancing user experience. The upgrade is scheduled for block height 22,598,000 around August 28, 2025 at 17:00 UTC. Trading on the THORChain network will remain unaffected during this period. Binance has assured users that they will manage all technical aspects of the upgrade. Once the network is confirmed stable post-upgrade, deposits and withdrawals will resume without further announcements. Users are encouraged to follow the project’s official channels for any updates.