News/OKX to Suspend Deposits and Withdrawals of $ETH 1 Hour Before Shanghai Upgrade

OKX to Suspend Deposits and Withdrawals of $ETH 1 Hour Before Shanghai Upgrade

Apr 11,2023,18:18

OKX released an announcement regarding the support for the Ethereum Shanghai upgrade. The exchange will suspend deposits and withdrawals of $ETH, $OP, $ARB and ERC-20 tokens and tokens belonging to Optimism, Arbitrum and zkSync Lite networks on April 12th at 9:30pm, UTC. Deposits and withdrawals will reopen once the upgraded Ethereum network is stable. The trading of these tokens will not be affected during this network upgrade.

The Shanghai upgrade will be activated on April 12th at 10:27pm, UTC. Following the upgrade, OKX will be increasing the minimum confirmation count of deposits into Ethereum network from the current 12 blocks to 64 blocks.

 

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