Binance suspends Deposits & Withdrawals on Ronin Network

Regarding the security vulnerability of the Ronin cross-chain bridge, the Binance investigation team is actively assisting the Axie Infinity team to trace the transaction records related to this cross-chain bridge to better identify the hacker.

Therefore, Binance has suspended the deposit and withdrawal services of the Ronin (RON) network on March 29, 2022, in order to cooperate with the investigation of the Axie Infinity team and law enforcement.

Binance also blocked the hacker’s potential wallet address, and arranged a special team to monitor abnormal transactions in the wallet address.

In addition, Binance has suspended the withdrawal of Wrapped Ether (WETH) on the Ethereum network, and the asset conversion function of WETH and ETH.

Binance understands this may have some impact on some users.

Binance will actively cooperate with the Axie Infinity team to resolve this issue, and thank you for your understanding and support.

Binance will resume the deposit and withdrawal services of the Ronin (RON) network when the network is running stably, reopen the withdrawal service of Wrapped Ether (WETH) on the Ethereum network, and the asset conversion function between WETH and ETH.

Binance will make further announcements when the above business resumes or has further development.

Go to Binance’s Official Website