In a recent update, Binance has announced plans to suspend Filecoin (FIL) token deposits and withdrawals on its network. This suspension will commence on April 14, 2025, at 18:00 (UTC+8), as part of a necessary upgrade to enhance network performance and security. The upgrade, orchestrated by the project team, will occur at block height 4,878,840, which is projected for 19:00 (UTC+8) on the same day.
Such enhancements are critical for the continued growth and stability of the Filecoin ecosystem, ensuring that the network maintains its competitive edge in the decentralized storage market. Investors and users are advised to prepare for the temporary suspension and should closely monitor updates directly from Binance and the Filecoin team to navigate any operational changes effectively.