Bitcoin Exchange Binance Announces It Will Support Network Upgrade for This Altcoin! Here Are the Details

Binance announced it will support a planned network upgrade on the Moonriver network to protect user experience. According to the exchange’s official statement, token deposits and withdrawals on the Moonriver network will be temporarily suspended starting May 12, 2026, at 3:00 PM.

According to information shared by Binance, the network upgrade will take place at block height 16,249,119. This update is expected to be completed around 4:00 PM on May 12, 2026. The exchange stated that all technical requirements will be automatically managed by the platform during the upgrade process and users do not need to take any action. The exchange emphasized that the network upgrade will only affect deposit and withdrawal transactions. Trading of tokens on the Moonriver network on Binance spot and other markets will continue uninterrupted. Users will be able to manage their existing positions and continue their trading activities on the platform during this period.

Binance also announced that deposits and withdrawals will automatically resume once system stability is restored following the network upgrade. No further announcements will be made. Users are advised to take this temporary suspension period into account when planning their transactions. Moonriver is known as one of the smart contract platforms running on the Kusama ecosystem, and it specifically enables the rapid integration of Ethereum-compatible decentralized applications. The upcoming upgrade to the network is expected to bring several improvements in terms of performance, security, and scalability.

*This is not investment advice.