Notice for Mirror Users Regarding the Upcoming Ethereum Merge

2022-09-09  •  1 min read

It is possible that a new Forked Token will be created during The Merge, while the “ETH” ticker on Ceffu will refer to the new Ethereum PoS chain. Understand that a fork may or may not happen. Any hard fork during The Merge will be unofficial. If an “unofficial” fork happens, Ceffu will release further details about token distribution in a future announcement. Binance Exchange will decide whether to support Forked Assets at its own discretion, and separately from Ceffu. A few scenarios that could occur:

SCENARIO 1: Ceffu and Binance Exchange support Forked Tokens

SCENARIO 2: Ceffu supports Forked Tokens but Binance Exchange does not

SCENARIO 3: Binance Exchange supports Forked Tokens but Ceffu does not

SCENARIO 4: Neither Ceffu nor Binance Exchange decide to support Forked Tokens - status quo, no impact

Mirror users should evaluate the potential impact The Merge may have on your ETH assets and act accordingly. Please ensure that you leave sufficient time for your ETH and ERC-20 token transfers to be fully processed prior to the scheduled downtime.* We will handle all technical requirements for users holding ETH and ERC-20 tokens on Ceffu, but please be aware that any of the above mentioned scenarios could occur.

If you have any questions, please reach out to your dedicated account managers for assistance. 

*Binance exchange downtime (link) starts approximately at 2022-09-15 00:30 (UTC+0).