Binance to Suspend Metal DAO (MTL) Deposits and Withdrawals Ahead of Network Upgrade

According to the announcement from Binance, the exchange will suspend deposits and withdrawals of tokens on the Metal DAO (MTL) network starting at approximately 2026-07-08 15:00 (UTC) to support a planned network upgrade and hard fork. Binance said the suspension is intended to facilitate the upgrade process and maintain platform operations during the change. The network upgrade and hard fork are scheduled to take place at approximately 2026-07-08 16:00 (UTC). Binance added that it will manage the technical requirements involved for users during the upgrade period. Trading Status and Resumption Plan: Binance stated that trading of tokens on the Metal DAO (MTL) network will not be impacted by the suspension of deposits and withdrawals. The exchange said deposits and withdrawals for tokens on the network will be reopened once the upgraded network is deemed stable. Binance noted that no further announcement will be posted regarding the reopening once stability conditions are met.