• Binance will suspend deposit and withdrawal support for multi-chain bridge tokens Polkastarter (POLS), Alchemy Pay (ACH), Alpaca Finance (ALPACA) and Travala (AVA).
  • Tokens will be minted on the BNB smart chain, Fantom, Ethereum, and Avalanche C chain.
  • The exchange said the suspension follows an earlier suspension taken in May following an incident involving multi-chain bridged tokens.

Binance has suspended deposits and withdrawals of some tokens linked to the cross-chain router protocol “Multichain,” according to a source. announcement The cryptocurrency exchange made the announcement on Wednesday.

The cryptocurrency giant says the suspension of multi-chain bridged tokens will take effect from 00:00 UTC on July 7 and will continue “until further notice.”

The multichain price has fallen nearly 6% over the past 24 hours, trading around $3.14 at the time of writing.

Affected tokens include Polkastarter (POLS), Alchemy Pay (ACH)

In a notice to users, Binance said the suspension of deposits and withdrawals will affect various networks including BNB Smartchain, Phantom, Ethereum and Avalanche Cchain. In particular, the multi-chain bridged tokens that users can no longer transfer over the above chains are:

Polkastarter (POLS), Alchemy Pay (ACH), SuperVerse (SUPER) and Harvest Finance (FARM) on BNB smart chain. Alpaca Finance (ALPACA) and Beefy.Finance (BIFI) tokens minted on the Fantom Network. Spell Token (SPELL) on Avalanche C-Chain and Travala (AVA) on Ethereum Bridge.

Binance has not provided specific details on why it is ending support for the above bridge tokens, but has emphasized that the move is related to the suspension of several previous multi-chain bridge tokens. .

On May 24, the cryptocurrency giant announced the suspension of multiple tokens following an incident involving a multi-chain bridge transfer.

Deposits and withdrawals of the above tokens have been suspended on Binance via the listed chains, but users will still be able to access these transfers via other networks supported by Binance, the exchange reiterated. Stated.

By Jules

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