UPDATE(Sept 15th 8:00 UTC):The Ethereum Merge is complete. Deposits and withdrawals for $ETH and all other #ERC20 based coins are back online now.
UPDATE (Sept 14th 4:00 UTC): Bitrue will suspend deposits and withdrawals for ETH and ERC20 tokens on Sept 15th at 00:00 UTC for the Paris execution layer upgrade.
UPDATE (Sept 7th 2:00 UTC): Deposits and withdrawals for $ETH and all other #ERC20 based coins are back online now.
UPDATE (Sept 6th 11:00 UTC): In anticipation of the Bellatrix consensus layer upgrade as part of the Ethereum Merge process, we have now suspended deposits and withdrawals for $ and all other ERC20 tokens. We will post an update once everything is back on-line.
According to the Ethereum Foundation's announcements, the Merge will happen when Ethereum Mainnet reaches a block height of 15,540,293.
This will occur between September 10 – 20, 2022, potentially around September 15, 2022 (UTC). The Merge will be in two phases, Bellatrix and Paris.
Bellatrix is a consensus layer upgrade to make the Beacon Chain "Merge aware." It will occur when the Beacon Chain reaches an epoch height of 144,896, around September 6, 2022 (UTC).
Paris is the execution layer's transition from proof-of-work ("PoW") to proof-of-stake ("PoS"). It will occur when Ethereum's PoW chain achieves a Terminal Total Difficulty (TTD) value of 58750000000000000000000, around September 15, 2022 (UTC).
At this point, Ethereum's execution layer will merge into the proof-of-stake Beacon Chain, and Ethereum's PoW chain will shut down, completing The Merge.
As a new token might be created during a hard fork, Bitrue has taken the following steps to reduce the trading risks brought about by price volatility and to maintain the safety of user funds during the hard fork:
1. Suspension of ETH deposits and withdrawals
Bitrue will suspend deposits and withdrawals of ETH token and other Ethereum-based token (ERC-20) during the two upgrade events. We will announce the specific date and time.
September 6, 2022 (UTC) for the Bellatrix consensus layer upgrade
September 15, 2022 (UTC) for the Paris execution layer upgrade
2. Regarding The Potential Fork
With the upcoming Ethereum Merge upgrade, it is possible for Ethereum to experience a hard fork leading to secondary Ethereum assets. With this condition, we provide solutions for users who hold Ethereum so they can maximize their interests.
Users who hold ETH can claim & trade ETHW and ETHS right now on the exchange, details are linked here:
The evaluation of whether or not a valid fork has occurred will be determined by Bitrue according to the specific circumstances of any network claiming to be a valid fork.
If you have any questions about this listing, please reach out to email@example.com and thank you for your cooperation.