Multichain-Bridged Tokens Deposits and Withdrawals Suspended on Binance

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Binance, one of the leading cryptocurrency exchanges, revealed that it would be suspending support for deposits and withdrawals of certain Multichain-bridged tokens. This decision comes as a result of the recent situation involving the Multichain (MULTI) protocol. Effective from July 7, 2023, at 00:00 (UTC), users will be unable to deposit or withdraw the affected tokens until further notice.

The following Multichain-bridged tokens will be impacted by this temporary suspension:

1. Polkastarter (POLS) via BNB Smart Chain
2. Alchemy Pay (ACH) via BNB Smart Chain
3. Beefy.Finance (BIFI) via Fantom Network
4. SuperVerse (SUPER) via BNB Smart Chain
5. Travala (AVA) via Ethereum Network
6. Spell Token (SPELL) via Avalanche C-Chain
7. Alpaca Finance (ALPACA) via Fantom Network
8. Harvest Finance (FARM) via BNB Smart Chain

Binance regrets any inconvenience this may cause to its users and assures them that the situation is being addressed. However, users will still have the ability to deposit or withdraw the affected tokens via other networks supported by Binance. Therefore, it is recommended for users to explore alternative network options.

As with any investment in digital assets, it’s important to understand the inherent risks and market volatility. The value of digital assets can fluctuate significantly, and there is no guarantee of future performance. Past performance should not be considered a reliable predictor of future outcomes.

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