Binance to Temporarily Halt Sei Network Transactions for Upgrade

Binance, a leading global cryptocurrency exchange, has announced it will temporarily pause deposits and withdrawals for tokens on the Sei and Sei EVM networks. This suspension will begin at 15:00 UTC on September 16, as the platform undertakes a significant upgrade to the Sei blockchain.

The Sei network upgrade is scheduled to occur at block height 102,491,599, expected to be reached by 16:00 UTC on the same day. This upgrade aims to enhance the network's performance and user experience. Sei, known for its advanced infrastructure and innovative solutions, is a rapidly growing layer-1 blockchain focused on efficiency and security.

During this upgrade period, while deposits and withdrawals will be paused, trading of SEI tokens will continue without disruption. Binance has assured users that no additional action will be required on their part and that services will be restored once the upgrade is completed and stabilized.

Sei's attention in the crypto community is due to its emphasis on high-speed and scalable decentralized applications (dApps). Periodic upgrades like this one are essential to maintaining optimal levels of security, scalability, and performance for the network.

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