Binance’s Brutal Chop: IOTA Deposit Addresses Face the Axe! 🪓

by

In that endless digital bazaar—where fortunes rise, fall, and vanish like vodka in spring—Binance.US, the self-proclaimed American titanen of crypto, stepped forth once more. This time, in a post not fit for poetry but suitable for those who enjoy holding their breath, they announced the grim fate awaiting existing IOTA deposit addresses. Yes, like landlords evicting tenants at midnight, Binance has decided these addresses must disappear. Why, you ask? To make room for the latest, most radiant mainnet upgrade known to human and bot: IOTA Rebased. 🥂

Important update from @BinanceUS ⤵️

— IOTA (@iota) April 29, 2025

The spectacle unfolds thus: On May 5, 2025, as the sluggish sunrise barely warms the weary miners at 3:00 a.m. EDT, the mainnet will upgrade. But the purge of addresses comes sooner, on May 2, at the dramatically specific hour of 11:00 p.m. EDT (must the blockchain never let us sleep?). Binance, in the role of benevolent tsar, urges—nay, demands—users complete their IOTA deposits before this unholy deadline. Ignore this, and your funds will be lost in the mist, never to be seen again—like pensions in a bank collapse! 😱

Deposits and withdrawals? Canceled! Starting May 2, your IOTA gets as mobile as a miner’s unpaid wages: completely stuck. Attempt a deposit, and you may as well drop your wallet in the Volga. If you’ve lovingly saved an address, or even white-listed it (bless your naive optimism), cast it out! The addresses, like bureaucrats at shift end, will serve you no more. Fresh, wholesome addresses shall arrive gloriously, roughly a week after the mainnet’s transformation. Timing is everything, comrades!

IOTA Rebased network upgrade

This is history, children! The IOTA Rebased network upgrade will break dawn on May 5, 2025, abandoning the ancient Stardust architecture for something newer, shinier, and no doubt equally confusing. The birth of the new network will not be silent. Oh no! Picture a Genesis Ceremony—13 validators presiding like a jury in a grim Russian novel—led by the IOTA Foundation and 12 comrades (validators, but with less facial hair).

Trading, they say, will march on, unpunished, as unaffected as a babushka at market day. But deposits and withdrawals—those humble, everyday acts—will be briefly frozen. Prepare yourselves! When will they return? “Soon,” they reassure with a wink and the shrug of a man who’s seen too many upgrades before.

Thus, dear reader, gird your wallets, check your addresses. In this house of digital mirrors, change is the only constant, and the only thing lost faster than your deposit is your faith in simple answers. 🚀🤣

Read More

2025-04-29 18:42