Binance to Suspend Sei (SEI) Deposits and Withdrawals for Network Upgrade on December 10, 2024

Binance has officially announced the suspension of deposits and withdrawals for the Sei (SEI) network token, effective from 23:00 Beijing time on December 10, 2024. This move is part of the platform’s efforts to facilitate a crucial network upgrade. Users should be aware that the Sei project team will initiate the upgrade at block height 119,821,526, which is anticipated to commence around 00:10 on December 11, 2024, Beijing time. Such upgrades are integral in enhancing the operational efficiency and security of blockchain networks, aligning with Binance’s commitment to providing a seamless trading environment. It is essential for traders and investors to stay informed about these changes, as they could impact the liquidity and functionality of SEI tokens during the upgrade period.