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Announcements > News > Temporary Suspension of Ethereum Network Deposits and Withdrawals >

Temporary Suspension of Ethereum Network Deposits and Withdrawals

Author: yumi Date: 2025-05-06 05:14:58

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Dear Users,

The Ethereum network is set to undergo a significant transformation with the Pectra upgrade on May 7, 2025. Phemex will temporarily suspend all deposits and withdrawals on the ETH, OP, ARBITRUM, BASE and ZKSYNC network starting from May 7, 2025, at 09:50AM UTC.

Please note that the reopening time will not be announced separately. Services will resume once the network is stable. And all trading services will NOT be affected.

We apologize for any inconvenience caused and appreciate your understanding and support.

Thank you,
The Phemex Team

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