Notice Regarding the Upcoming Ethereum Merge

2022-09-09  •  1 min read

We would like to give Ceffu users advance notification of what to expect with the upcoming Ethereum Merge set to take place on or around September 15, 2022.

Ethereum’s Proof-of-Work (PoW) chain will migrate to the Proof-of-Stake (PoS) chain upon hitting the Terminal Total Difficulty (TTD) value of 58750000000000000000000. The execution layer upgrade (Paris) is expected to take place between 2022-09-10 and 2022-09-20. Current estimation lies at the ETH mainnet block height of 15,540,293, or approximately at 2022-09-15 00:30 (UTC+0).

As a new token (“Forked Token”) might be created during a hard fork, the following Ceffu services will be impacted:

  1. ETH and ERC20 deposits and withdrawals will be suspended beginning 2022-09-14 14:00 (UTC+0)

  2. Cold Convert and Binance Mirror (settlements) will be suspended beginning 2022-09-14 14:00 (UTC+0)

  3. Binance Mirror new requests will be suspended beginning 2022-09-13 00:00 (UTC+0)

Please ensure that you leave sufficient time for your ETH and ERC-20 token transfers to be fully processed prior to the above time. We will handle all technical requirements for users holding ETH and ERC-20 tokens on Ceffu. 

Users will be notified when services resume as normal and updated on how assets will be treated post-Merge.

Disclaimer: This countdown is subject to change. The Merge will be triggered once the Terminal Total Difficulty (TTD) threshold of 58750000000000 is reached.