VeChain Foundation has confirmed the VIP214 Hardfork. This hard fork will come with several new features and security upgrades. The VeChain mainnet will begin to be updated starting with block height 10653500 at about 8:00 UC on November 16th, 2021.
In order for the funds of the users to remain safe during and after the upgrade, Crypto.com will suspend VET and VTHO deposits/withdrawals for the moment. The suspension will take place on both the Crypto.com App and on the Crypto.com Exchange and it will begin at 8:00 UTC, November 16th, 2021.
The trading of VET and VTHO won’t be affected.
The situation will be monitored closely by Crypto.com. Deposits and withdrawals will resume once the team is sure that the network is stable again. More information can be found at: status.crypto.com. Information regarding the technical upgrade can be found here.