Binance Backs THORChain Network Overhaul

Binance is gearing up for a significant event on the THORChain (RUNE) network, with an impending network update and hard fork scheduled for September 18, 2025. The process seeks to bolster the network’s security and efficiency, though it will require a temporary halt on certain activities. While deposits and withdrawals will be temporarily paused, trading on THORChain will remain uninterrupted. Binance is taking charge to ensure user experience remains seamless during this period, handling all technical requirements behind the scenes.

What Changes Will Occur?

Starting at 6:30 PM Turkish time, September 18, 2025, deposits and withdrawals on the THORChain network will see a halt. This will coincide with the network reaching block height 22,893,000, anticipated to be around 7:30 PM on the same day. Binance has made it clear that the scope of this pause will only affect these specific transaction types.

How Will Binance Manage?

During this update period, Binance will maintain the continuity of trading activities, ensuring they remain unaffected. The exchange advises users that no intervention on their part is necessary, as Binance will manage all the technical requirements during the upgrade.

Once the network update is thoroughly completed and the system stabilizes, Binance plans to promptly restore deposit and withdrawal services. However, users should not expect additional notifications regarding this resumption.

The THORChain network’s enhancement targets improved operational security and performance, activated upon the achievement of a specific block height. Binance confirmed that user account security measures will be prioritized throughout the process.

Subsequent to the update’s success, users will regain access to all network functionalities without further announcements. Binance is committed to facilitating a smooth transition back to normalcy.

“We want to reassure our users that we will handle all technical processes, keeping their funds secure while the update takes place,” Binance conveyed.

For users relying on the THORChain network through Binance, the meticulous management of the update process indicates a dedication to maintaining service quality amid times of necessary technical evolution. Key details include:

• Temporary suspension of deposit and withdrawal transactions.
• Seamless continuity of trading operations.
• No user action required during the process.

With these proactive measures, Binance provides reassurance and continuity even as significant technical changes unfold, reinforcing its commitment to security and user-centric services. Users are advised to stay informed through official channels for any further developments.