FTX to Suspend ERC-20 Token Deposits and Withdrawals 30 Minutes Before Ethereum's Bellatrix and Paris Upgrades

FTX released a statement regarding the Ethereum mainnet Merge, announcing that it will suspend native $ETH and ERC-20 token deposits and withdrawals at approximately half an hour before the Bellatrix consensus layer upgrade (expected to happen on September 6th at 11:34:47 UTC) and the Paris execution layer upgrade (expected to happen on September 15th). $ETH and ERC-20 token spot trading, spot margin trading, and futures trading will not be affected. After the Merge, if a canonical PoW Ethereum fork emerges, FTX will credit users with the forked PoW ETH. Borrowers of $ETH will be charged forked PoW ETH based on their $ETH balance as of the fork snapshot that will take place before the Paris execution layer upgrade. FTX will evaluate the listing of the forked PoW ETH at a later date.