Binance issues notice to clients regarding Terra Classic (LUNC) withdrawals
Binance today published a notice to its clients regarding deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC).
Binance has been supporting the deposits and withdrawals of LUNC (Shuttle) via Ethereum network (ERC20) and Terra Classic network, as well as USTC (Shuttle) via BNB Smart Chain (BEP20), Ethereum network (ERC20), Polygon network, and Terra Classic network. With the upcoming closure of the Shuttle Bridge, the following changes will be made:
- Deposits and withdrawals of LUNC (Shuttle) via Ethereum network (ERC20) and USTC (Shuttle) via BNB Smart Chain (BEP20), Ethereum network (ERC20) and Polygon network will be suspended indefinitely from 2022-09-07 at 00:00 (UTC).
- Please ensure that you leave sufficient time for your LUNC (Shuttle) and USTC (Shuttle) deposits to be fully processed before 2022-09-07 at 00:00 (UTC). LUNC (Shuttle) and USTC (Shuttle) deposits made after this time will not be credited to your account.
Users will still be able to deposit and withdraw their LUNC and USTC tokens via the Terra Classic network. Spot and Margin trading for LUNC and USTC, as well as relevant services on Binance Earn (e.g., Binance Staking, Binance Savings), will not be affected.
Binance will handle all technical requirements involved for all users holding LUNC (Shuttle) and USTC (Shuttle) in their Binance accounts.
Binance notes that withdrawals may take longer than usual to process when there is a large number of pending transactions.