Announcement of the Upcoming Ethereum London Hard Fork

#Networks & Forks

Dear Users,

At block height 12,965,000, or approximately 2021-08-05 11:55 (UTC), the Ethereum (ETH) blockchain is scheduled to undergo the London Hard Fork.

MEXC’s resolution for the Ethereum London Hard Fork is as follows:

 

ETH Deposits & Withdrawals

MEXC will suspend ETH and ERC-20 tokens deposits and withdrawals at approximately 2021-08-05 11:45 (UTC).

 

Regarding the ETH Hard Fork

If there is no new token created, MEXC will then resume ETH and ERC-20 tokens deposits and withdrawals as soon as possible.

If the chain splits into two competing chains and a new token is created. MEXC will credit users with ETH from the chain with the most work done. We will then also credit users with the token from the minority chain in proportion based on the snapshot of ETH balances at block height 12,965,000, or approximately 2021-08-05 11:55 (UTC) as stated above.

Please note that unconfirmed ETH deposits, pending ETH withdrawals, and ETH used as margin loans will not be counted in user snapshot balances.

 

Regarding Margin Trading

MEXC will suspend ETH borrowing from 2021-08-03 08:00 (UTC) to approximately 2021-08-05 11:55 (UTC).

 

Risk Warning

ETH trading on the Spot Trading, Futures, Margin Trading, and ETF will continue unaffected. Please ensure you take sufficient risk measures as price volatility is often high during contentious hard forks.

 

Further Notes

  1. A further announcement will be made regarding the timing of deposits and withdrawals resuming, as well as further information about the ETH chain split that may affect the above.
  2. The Ethereum network upgrade & hard fork will take place at Ethereum main net block height of 12,965,000. The estimated time is for users’ reference only and is subject to change depending on block propagation times.
  3. We seek your full understanding of the inconvenience caused during this period of time. Please consult our customer services through official telegram, official website or APP should you have any inquiries. We are always happy to help.

For more information, please refer to 

 

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Enjoy trading on MEXC.

MEXC Team

2021-08-03