According to Ethereum official plan, Ethereum's London hard fork is expected to commence at around 19:55 on Aug. 5, 2021 (UTC+8) with block 12,965,000.
BKEX Global will support the upgrade and the London hard fork may generate a new forked coin. To protect users' assets and reduce trading risks brought by market volatility during the hard fork, BKEX's arrangements for this hard fork are as follows:
1. About deposit and withdrawal
BKEX Global will suspend the deposit and withdrawal function of ETH and other ERC20 network tokens at 19:00 on August 5, 2021 (UTC+8). Please deposit or withdraw before the deposit and withdrawal function is suspended. BKEX Global will handle with any technology problems of hard fork for users.
2. The likely conditions after hard fork:
- No forked coin after the hard fork: BKEX Global will restore deposit and withdrawal function of ETH and ERC20 network tokens as soon as possible.
- New forked coin after the hard fork: BKEX Global will distribute ETH tokens on the chain that completes more work to users. We will take a snapshot of users' ETH holdings at the block height of 12,965,000 (at around 19:55 on Aug. 5, 2021 (UTC+8)), and distribute holding rewards to users proportionally based on the snapshot data. The airdrop rewards will be sent to the user's wallet account. Users will be notified via a further announcement after the completion of the distribution.
Risk Warning: Digital assets are innovative investment products with great prices fluctuation. Please make a rational judgment on your investment ability and make investment decisions cautiously. BKEX Global will carefully select quality assets, but BKEX Global shall not be liable for guarantee, compensation, etc. for investment. We wish you a pleasant deal.
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