Binance announced a temporary suspension of token deposits and withdrawals on the Polygon (MATIC) network ahead of the planned network upgrade and hard fork. The update will take place at the Proof of Stake (PoS) block level of the Heimdall network, at block height 15,950,759, expected on October 13, 2023. 🚀

Due to this, Binance will suspend related transactions at 7:00 pm East Eighth District time. Deposits and withdrawals will be unavailable, but token trading will continue as normal. 🔄

Once the Polygon update is complete and the network has stabilized, Binance will resume deposits and withdrawals, without further announcements. Users can check Polygon's official project announcement for more details.