The Ethereum network will go through a protocol upgrade and the Ethereum Constantinople/St. Petersburg Hard Fork is scheduled to occur at Block 7,280,000, which is expected within the next 12 hours. (You may refer to the countdown timer here, monitor the real time network upgrade here, and the official announcement here).
The Crypto.com team is preparing ahead by weighing all possible risks and impact, and we will be managing all technical requirements for our users.
Here is our planned course of action:
- Increased Confirmations: We will increase the number of confirmations required to make a deposit from 30 confirmations to 300 confirmations for a short period until the network stabilizes.
Note that for the security of your assets, we may pause deposits and withdrawals of ETH as well as ERC-20 tokens (including BNB, MCO, and CRO) supported by the Crypto.com Wallet & Card App, before and during the intended hard fork.
The team will continue to closely monitor the developments of this hard fork and will keep our users updated.
The Ethereum Constantinople/St. Petersburg Hard Fork follows the postponement of the original Constantinople network upgrade which was initially scheduled to occur in January.
The Crypto.com Team