Dear Cryptologist,
Ethereum’s Proof-of-Work (PoW) chain will migrate to the Proof-of-Stake (PoS) chain upon hitting the Terminal Total Difficulty (TTD) value of 58750000000000000000000. The execution layer upgrade (Paris) is expected to occur between 10-09-2022 and 20-09-2022. The current estimation lies at the ETH mainnet block height of 15,540,293, or approximately at 15:15 (UTC) on 15-09-2022.
Due to the consensus layer upgrade (Paris) to ensure our users’ assets security, Cryptology will pause the deposit & withdrawal of ETH and all ERC-20 tokens and make the following changes:
- Suspension of ETH and ERC-20 tokens deposit and withdrawal: from 14:00 15-09-2022 (UTC)
The suspension will last until our team ensures that Cryptology users’ assets are safe and the network is stable and can be used by our customers. We will update users once the upgrade has been completed.
Please ensure that you leave sufficient time for your ETH and ERC-20 tokens transfers to be fully processed before the above time. We will handle all the technical requirements for users holding ETH and ERC-20 tokens.
Pay attention that Spot trading and Futures trading for ETH and ERC-20 tokens will NOT be affected.
If you’d like to get more information about the Ethereum Merge:
Please stay tuned for further announcements 👇
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Thank you for your support!
Cryptology Team