Binance has announced that it will stop deposits and withdrawals on some networks for LUNC and USTC.
Binance has recently allowed deposits and withdrawals via Shuttle Bridge and LUNC’s Terra Classic and Ethereum networks.
Binance Makes New Decision for LUNC and USTC
The exchange has informed users about the new changes, as the Shuttle Bridge will be closed in a short time.
In the first place, deposits and withdrawals of Shuttle Bridged LUNC and USTC using the Ethereum network (ERC20), BNB Smart Chain (BEP20) and Polygon network will be suspended indefinitely from September 7.
Users will still be able to use the Terra Classic network to deposit and withdraw LUNC and USTC tokens.
There are currently no changes to the Binance Earn service for LUNC and USTC.
Shuttle is a Terra bridge that allows Terra tokens to be sent on the Terra and Ethereum network. The original Terra blockchain was renamed Terra Classic after the collapse.
The Terra Classic network shared important updates to Shuttle Bridge at the end of August and announced that these transfers were disabled due to high transaction fees.
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