Binance to Stop CHESS (ETH), DF (BSC) and GHST (Polygon) Deposits/Withdrawals on Dec 12, 2025
Binance will suspend deposits and withdrawals for specific network gateways of three tokens on 2025-12-12 at 16:00 (UTC+8). Affected routes: CHESS via the Ethereum network, DF via BNB Smart Chain (BSC), and GHST via Polygon. After the cutoff, transfers using those networks will not be credited and may lead to permanent asset loss. Users can still deposit and withdraw the tokens through other networks supported by Binance; the exchange advised verifying network compatibility before initiating transfers and monitoring official notices for updates. The operational risk may prompt traders to move holdings to supported chains or custodial wallets ahead of the deadline to avoid lost funds.
Bearish
Stopping deposits and withdrawals on a specific network raises direct operational risk for the affected tokens. For CHESS (ETH), DF (BSC) and GHST (Polygon), the immediate effect is reduced liquidity on the disabled rails and increased friction for holders who use those networks. Traders are likely to move funds to supported chains or custodial wallets ahead of the cutoff, which can trigger short-term sell pressure as users rebalance or liquidate to avoid routing errors and potential loss. Market makers and arbitrageurs may widen spreads while on-chain flow adjusts, increasing volatility. Over the medium-to-long term the price impact depends on whether users can seamlessly migrate to alternative networks; if migration is smooth and liquidity remains available elsewhere, negative effects may be short-lived. However, if a significant portion of holders cannot or do not migrate, persistent reduced accessibility could weigh on demand and keep downward pressure on token prices. Given these dynamics, the near-term price bias for the mentioned tokens is bearish.