Binance, the world's largest cryptocurrency exchange, has announced that it will temporarily suspend deposits and withdrawals of LUNC tokens effective 08:57 PM (Korean Standard Time) on October 17, 2022. This suspension is due to an upcoming network upgrade for the Terra Classic blockchain, which hosts the LUNC token. The upgrade is expected to bring several improvements to the blockchain, including increased stability, security, and scalability. During the suspension period, users will not be able to deposit or withdraw LUNC tokens on Binance. However, trading of LUNC tokens will continue to be available. Binance has stated that the suspension is expected to be temporary and will only last for the duration of the network upgrade. Once the upgrade is complete, deposits and withdrawals of LUNC tokens will be resumed. Binance has also advised its users to monitor the Binance website and social media channels for updates on the suspension and the resumption of LUNC deposits and withdrawals.