• Binance suspends deposits and withdrawals for Multichain bridged tokens.
• Users can still deposit and withdraw the tokens but through other supported networks.
• Multichain’s token MULTI drops by 6.13% as the protocol’s turmoil continues.

Binance, the world’s biggest crypto exchange platform, has suspended deposits and withdrawals for certain Multichain-bridged tokens.

According to the announcement posted on Binance’s official blog, the suspension will take effect from 2023-07-07 00:00 (UTC) until further notice. Earlier in May, Binance made a similar suspension of deposits for Multichain-bridged in what it described as a “situation” with the Multichain protocol. However, the crypto exchange has not given a reason for the current suspension.

Per the announcement, the affected tokens include Polkastarter (POLS) via BNB Smart Chain, Alchemy Pay (ACH) via BNB Smart Chain, Beefy.Finance (BIFI) via Fantom Network, and SuperVerse (SUPER) via BNB Smart Chain.

Likewise, deposits and withdrawals from Travala (AVA) via the Ethereum Network, Spell Token (SPELL) via Avalanche, C-Chain Alpaca Finance (ALPACA) via the Fantom Network, and Harvest Finance (FARM)…

The post Binance Withdraws Support For Multichain-bridged Tokens appeared first on Coin Edition.

• Binance suspends deposits and withdrawals for Multichain bridged tokens.
• Users can still deposit and withdraw the tokens but through other supported networks.
• Multichain’s token MULTI drops by 6.13% as the protocol’s turmoil continues.

Binance, the world’s biggest crypto exchange platform, has suspended deposits and withdrawals for certain Multichain-bridged tokens.

According to the announcement posted on Binance’s official blog, the suspension will take effect from 2023-07-07 00:00 (UTC) until further notice. Earlier in May, Binance made a similar suspension of deposits for Multichain-bridged in what it described as a “situation” with the Multichain protocol. However, the crypto exchange has not given a reason for the current suspension.

Per the announcement, the affected tokens include Polkastarter (POLS) via BNB Smart Chain, Alchemy Pay (ACH) via BNB Smart Chain, Beefy.Finance (BIFI) via Fantom Network, and SuperVerse (SUPER) via BNB Smart Chain.

Likewise, deposits and withdrawals from Travala (AVA) via the Ethereum Network, Spell Token (SPELL) via Avalanche, C-Chain Alpaca Finance (ALPACA) via the Fantom Network, and Harvest Finance (FARM)…

The post Binance Withdraws Support For Multichain-bridged Tokens appeared first on Coin Edition.