OKX to temporarily halt deposits and withdrawals of some tokens on April 12

Posted on

  • The temporary stop is planned to take only an hour.
  • The halving is related to yesterday’s Ethereum Shepela upgrade.
  • The affected tokens are primarily ERC-20 tokens.

based in seychelles crypto exchange OKX has announced that it will temporarily suspend deposits and withdrawals of ETH, ARB, OP, and ERC-20 tokens due to the coming time. ethereum shepela upgrade,

The Shepela upgrade is scheduled to occur on April 12 at epoch 194,048 at approximately 10:27 PM (UTC).

Temporary Deposit & Withdrawal Closed

OKEx said that deposits and withdrawals of the said tokens will be temporarily suspended on the crypto exchange for approximately one hour on April 12, 2023 at 9:30 p.m. UTC. The suspension will be in force till the Shepela upgrade is completed.

In addition, OKEx interoperability platform Wanchain said that its Wanbridge frontend will be temporarily inaccessible from 10 PM UTC on April 12. binance will also temporarily suspend deposits and withdrawals of ETH, OP, ARB and ERC-20 tokens via EthereumOptimism and Arbitrum Networks, starting on April 12 at 10:20 PM (UTC).

ethereum shepela upgrade

“Shapella” is a derived upgrade name (Shanghai + Capella), indicating that two layers of the blockchain are being upgraded simultaneously. This is the first Ethereum network upgrade since the merge upgrade.

The Shanghai upgrade will make changes to the execution layer, while the Capella upgrade will introduce specific changes to the consensus layer. The upgrade will deploy EIP-4895 on the client to allow Ethereum validators to stake ETH, along with three other EIPs deployed on the mainnet.

Leave a Reply

Your email address will not be published. Required fields are marked *