Binance Suspends Deposits for 10 Tokens
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26 May

Cryptocurrency exchange Binace has recently temporarily suspended deposits in POLS, ACH, BIFI, SUPER, AVA, SPELL, ALPACA, FTM, FARM and DEXE tokens due to an issue with cross-chain protocol network Multichain.

The block only applies to qualified assets issued on the Ethereum, BNB Chain, Avalanche and Fantom networks. While deposits of the same tokens, but on other blockchains, are still available.

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Representatives of the platform have added they are waiting for clarification from the Multichain team.

The problem arose in the protocol last May 21, when users started to complain about frozen transactions. The developers said the malfunction appeared due to technical maintenance on cross-chain router nodes.

Subsequently, the Multichain team promised to compensate those affected. According to the statement, most of the network interconnection routes are operating "normally." However, some are still unavailable and the time to "resume service is unknown."

According to Binance, FTM deposits in Ethereum have already resumed.

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