Binance Temporarily Suspends ELF Transactions for Network Upgrade Binance, the leading cryptocurrency exchange, has announced the temporary suspension of ELF deposits and withdrawals on January 15th, 2023. The suspension will commence at 6 PM (Korean Time) to facilitate a network upgrade for the ELF blockchain. Binance assures users that the suspension is a standard procedure to enhance the stability and security of the ELF network. During this period, users will be unable to deposit or withdraw ELF from their Binance accounts. However, trading of ELF will remain unaffected. The upgrade aims to improve the overall performance, efficiency, and security of the ELF blockchain. Binance recommends that users plan accordingly and withdraw their ELF holdings from the exchange before the suspension. Once the upgrade is complete, Binance will reinstate ELF deposits and withdrawals. Users will be notified via the Binance website and social media channels when the transactions resume. Binance is committed to providing a reliable and secure trading environment for its users. The temporary suspension of ELF transactions is a necessary step to ensure the smooth and successful implementation of the network upgrade.