Binance to Halt Deposits and Withdrawals for POND, QUICK, VIC on Select Networks

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Binance to Halt Deposits and Withdrawals for POND, QUICK, VIC on Select Networks

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced a temporary suspension of deposits and withdrawals for three tokens — POND, QUICK, and VIC — on specific blockchain networks. The pause will take effect at 8:00 a.m. UTC on May 14.

Affected Tokens and Networks

The suspension applies to select networks for each token, not across all chains. According to Binance’s official notice, the following services will be temporarily unavailable:

• POND (Marlin): Deposits and withdrawals via the BNB Chain and Arbitrum networks
• QUICK (QuickSwap): Deposits and withdrawals via the Ethereum network
• VIC (Victorium): Deposits and withdrawals via the Ethereum network

Binance has not specified a reopening timeline but stated that further updates will be provided once the maintenance or network upgrade is complete. Users are advised to check the exchange’s official announcements for the latest information.

Why This Matters to Users

Such suspensions are routine in the crypto exchange industry and typically occur during scheduled network upgrades, smart contract migrations, or wallet maintenance. However, they can create short-term liquidity constraints for traders holding these tokens on the affected networks. Users who need to move funds before the cutoff should initiate transactions well ahead of the deadline to avoid delays.

It is important to note that deposits and withdrawals via other supported networks for these tokens remain unaffected. For example, POND transactions on other chains not listed will continue as normal.

Broader Context

Binance has been increasingly transparent about network maintenance schedules in recent months, following regulatory pressure in multiple jurisdictions to improve operational disclosures. The exchange now routinely publishes detailed notices for each suspension, including the specific networks affected and the exact timing in UTC.

This latest suspension affects three relatively niche tokens — Marlin (POND) focuses on layer-0 scaling solutions, QuickSwap (QUICK) is a decentralized exchange on Polygon, and Victorium (VIC) is a gaming and metaverse token. Their combined daily trading volume on Binance is modest compared to major assets, so the market impact is expected to be limited.

What Users Should Do

If you hold POND, QUICK, or VIC on Binance and need to transfer them to an external wallet or another exchange, complete your transaction before 8:00 a.m. UTC on May 14. After that time, deposits and withdrawals on the specified networks will be paused until further notice. Trading of these tokens on Binance’s spot market is not affected by this suspension.

Conclusion

Binance’s temporary suspension of deposits and withdrawals for POND, QUICK, and VIC on select networks is a standard operational measure. While it may inconvenience some users, the move is likely tied to necessary network maintenance or upgrades. Users should monitor Binance’s official channels for updates on when services will resume.

FAQs

Q1: Will my POND, QUICK, or VIC tokens be safe during the suspension?
Yes. The suspension only affects deposits and withdrawals on specific networks. Your tokens held in your Binance wallet remain safe and accessible for trading on the spot market.

Q2: Can I still trade POND, QUICK, and VIC on Binance during the suspension?
Yes. The trading pairs for these tokens on Binance’s spot market are not affected by this suspension. Only deposits and withdrawals on the specified networks are temporarily paused.

Q3: How long will the suspension last?
Binance has not provided a specific timeline. The exchange typically resumes services once network upgrades or maintenance is complete. Users should watch for an official announcement from Binance for the reopening date.

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