Deposits & Withdrawals on Ronin Network Temporarily Suspended

Fellow Binancians,

Following the security breach that occurred on the Ronin (RON) network, the Binance investigations team is supporting the Axie Infinity team with tracking transactions related to its network bridge, in a bid to identify the hacker.

As a result, all deposits and withdrawals on the Ronin (RON) network have been suspended on 2022-03-29 while we support the Axie Infinity team and law enforcement in investigating this issue. Potential hacker addresses have also been blocked, with a dedicated monitoring team in place to watch for any unusual transactions.

In addition, we have also paused withdrawals of Wrapped Ether (WETH) on the Ethereum network, and the convert function from WETH to ETH. We understand that this may impact some of our users and we seek your understanding as we work with the Axie Infinity team to resolve the matter.

Binance will reopen deposits and withdrawals on the Ronin (RON) network, withdrawals for Wrapped Ether (WETH) on the Ethereum network, and the convert function from WETH to ETH once we determine the network to be stable.

We will notify users in a further announcement when these services have been restored or there are further developments.

We apologize for any inconvenience caused. Thank you for your patience.

For more information:

Community Alert: Ronin Validators Compromised

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.

Thanks for your support!

Binance Team

2022-03-30

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

Find us on

Telegram: https://t.me/binanceexchange

Twitter: https://twitter.com/binance

Facebook: https://www.facebook.com/binance

Instagram: https://www.instagram.com/binance

Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

Read the original article at binance

Stay tuned to CoinCarp Social Media and Discuss with Us:

X (Twitter) | Telegram | Reddit

Download CoinCarp App Now: https://www.coincarp.com/app/