PANews reported on March 5th that, according to an official announcement from BNB Chain, the BNB Beacon Chain token recovery tool will enter a phased shutdown process. This tool previously allowed users to migrate assets from the BNB Beacon Chain to the BNB Smart Chain. The shutdown is divided into three phases: Phase 1, from now until April 30, 2026, will process recovery requests within 7 days; Phase 2, from May 1st to June 30th, will extend the recovery period to one month; Phase 3, starting July 1st, will switch to a manual recovery process requiring user-signed transactions. Only BEP2 tokens already mirrored on the BNB Smart Chain can be recovered; tokens that have not been mirrored cannot be recovered. The official team urges BNB Beacon Chain asset holders to use the recovery tool to complete the migration as soon as possible.