Ethereum has confirmed the Arrow Glacier Network Upgrade which has the goal of introducing several new features and upgrades. The upgrade is scheduled to take place at block height 13773000.
In order for the funds of all users to be safe during and following the upgrade, deposits and withdrawals of ETH and all ERC-20 tokens (such as USDC or USDT) will be suspended for the moment on both the Crypto.com App and Crypto.com Exchange beginning with December 9th, 2021, 18:00 UTC.
The trading of ETH and ERC-20 tokens won’t be affected.
The company will keep a close eye on the situation. All deposits and withdrawals will start again after the network has been proved to be stable.
For more updates, you can check status.crypto.com.
If you are interested in details of the technical upgrade, please refer here.