DASH and TROY See Temporary Service Suspensions on Binance Amid Updates

Binance has issued updates affecting two major altcoins: DASH and TROY.

The crypto announced that it would temporarily suspend deposits and withdrawals for DASH on January 7, 2025, at 19:00 (ET) to accommodate a network upgrade and hard fork at block height 2,201,472.

While DASH trading would remain unaffected during this period, the exchange encouraged the token holders to complete deposits in advance. It noted that there would be no additional announcement and that services would resume after the network stabilized.

Meanwhile, in a separate update, the crypto exchange announced it had suspended TROY deposits as of January 2, 2025, due to security concerns within the TROY-BEP20 token contract.

The exchange also discontinued support for TROY on the Binance Smart Chain (BSC) to protect user assets. However, services for TROY on other networks, such as Ethereum (ETH), are still active.

Binance stated that it is collaborating with the project team to verify the token’s safety; however, no sufficient explanations have been provided.

These updates are the latest in a flurry of announcements by the exchange as it continues to upgrade its trading services and adapt to new changes in the market. It announced in late December that it will support Ethereum Layer 2 solution Optimism’s (OP) network upgrade and hard fork. The update, which aims to improve scalability, performance, and user experience, is scheduled for January 10, 2025, at 2:00 (UTC+8). Binance informed its users that deposits and withdrawals on the OP network will pause temporarily from 1:00 (UTC+8) on that day, though trading will continue as usual.

Meanwhile, Binance has included Solv Protocol’s native token, SOLV, in its “Megadrop” initiative, which provides participants with early access to new projects. The exchange announced on December 31, 2024, that it has allocated over 588 million SOLV tokens for this program. It advised cautious of false SOLV listings on other platforms and stated that it would share details about rewards, Web3 Quests, and the SOLV listing roadmap soon.

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.