Binance Halts Vana Network Transactions for Urgent System Overhaul

Binance hits pause on Vana Network transactions—here's why it matters.

Crypto giant Binance just slammed the brakes on all Vana Network (VANA) deposits and withdrawals. The reason? A "critical system upgrade" that couldn't wait. No warning, no gradual phase-out—just an immediate freeze effective July 11, 2025.

When exchanges say 'upgrade,' traders hear 'price volatility incoming.' Binance claims the suspension is temporary, but crypto veterans know these halts often precede major price swings. The platform promises to reopen VANA transactions once the upgrade clears internal testing—because what could go wrong with untested exchange infrastructure?

Pro tip: While your VANA tokens gather digital dust, maybe reconsider keeping all your assets on centralized exchanges. Not your keys, not your coins—unless you enjoy trusting billion-dollar corporations with your financial sovereignty.

Key Facts about Vana’s Network Upgrade and Hard Fork

The upgrade is scheduled to initiate at Vana Blockchain’s block number 4,009,180, aiming to enhance network performance. Binance has assured users that it will manage all technical requirements, negating the need for manual intervention by the users. This ensures the protection of coin holders’ assets within their wallets without necessitating any additional actions.

In its official announcement, Binance stated no further updates WOULD be issued following the user experience-driven upgrade. Post-process, deposit and withdrawal functionalities will be reinstated, and all transaction histories and balances will remain intact in the altcoin.

Deposits and withdrawals will be suspended at 18:00 TRT, with the network upgrade and hard fork anticipated for 19:00 TRT. This timeline allows a buffer period for the exchange to adapt its network nodes to the new version, minimizing potential delays. Once stable block production resumes, Binance plans to restart deposit and withdrawal operations without additional announcements.

What Changes Should Binance Users Expect?

During this time, trading on VANA coin-paired altcoin markets will continue seamlessly, although wallet transactions will be halted. Market liquidity will remain unaffected, allowing users to manage their altcoin positions as usual. Users are encouraged to complete necessary transfers before the maintenance period, as no coins can be deposited during the upgrade.

Storing Vana coins in exchange wallets poses no risk to users during this period. Assets will be automatically migrated to the new blockchain upon reaching the specified block height. Transfers from external wallets will not be processed until internal network transactions resume, so users are advised to plan accordingly to avoid delays. Binance announced that deposit addresses would remain unchanged, and no fees will be charged.

Once satisfied with the post-upgrade stability, the crypto exchange will automatically resume deposits and withdrawals without any new announcement, allowing users to continue wallet transactions as usual. By addressing all technical requirements within its infrastructure, Binance promises a secure and uninterrupted cryptocurrency experience for its users.