Binance to Halt Deposits and Withdrawals for Beta Finance (BETA) and Other Tokens: What You Need to Know

In a significant update from Binance, the exchange has announced it will discontinue support for deposits and withdrawals of several tokens via specific networks starting from 8:00 (UTC) on October 23. This decision affects tokens including Beta Finance (BETA), Cream Finance (CREAM), and Linear Finance (LINA), among others, when transacted through the BNB Smart Chain and Matic Network. Notably, any deposits sent through these networks post the specified cutoff will not be credited, posing a risk of asset losses for users. Nevertheless, traders are able to continue depositing or withdrawing these assets via alternative networks supported by Binance. Stakeholders are advised to review their transaction methods and adjust accordingly to safeguard their holdings ahead of this pivotal deadline.