PANews reported on October 16 that BNB Chain released an announcement, announcing that the BNB beacon chain will be officially shut down in mid-November. At that time, the BNB beacon chain will stop running and stop processing any new transactions. This move is part of the BNB Chain merger plan, which aims to integrate the BNB beacon chain functions with the BNB Smart Chain (BSC) to improve network efficiency, reduce security risks and adapt to future technological needs.

BNB Chain urges BEP-2 and BEP-8 asset holders to immediately migrate their assets from the beacon chain to BSC, otherwise they may face the risk of permanent asset loss. Centralized exchanges should also close the deposit function of the beacon chain as soon as possible and merge the remaining assets into cold wallets to ensure asset security.