Binance Halts Transfers of Multichain-Linked Tokens Following May Incident – Here's the Latest
Starting July 7, 2023, Binance will cease to facilitate deposits and withdrawals of several cross-chain bridge tokens associated with the Multichain project across specified networks. This suspension will remain in effec...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
This suspension will remain in effect until further notice.
The decision to suspend support for these tokens comes after the recent issues with the Multichain (MULTI) protocol, leading to the earlier suspension of deposits for multiple Multichain-bridged tokens on May 24, 2023....
Read More: Binance Halts Transfers of Multichain-Linked Tokens Following May Incident – Here's the Latest
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
XRP Whales Move 1.67 Billion Tokens to Binance as Price Slips
Large XRP holders have transferred 1.669 billion XRP to Binance over the past 30 days, pushing the exchange’s whale inflow metric...
Ethereum and its L2s settled 77% of stablecoin volume, with $16.75 trillion in transfers
Ethereum's dominance in stablecoin transfers highlights the growing importance of layer-2 networks, emphasizing cost efficiency an...
Binance Claims Fastest $1 Billion Sprint in bStocks With $6 Billion in Share Conversions
Binance has reported that its bStocks product crossed $1 billion in assets faster than any competing tokenised equity offering. Un...
XRP Price Drops, But ETF Defies Crypto Bloodbath as Bitcoin and Ethereum Funds Bleed
US spot XRP ETFs recorded about $740,000 in net inflows even as the coin lost 6% of its price over 24 hours. Bitcoin, Ethereum, So...
VanEck Pulls Lido Staked Ethereum ETF After 1 Year, Ending stETH Fund Plan
Key Takeaways: VanEck has suggested to the Securities and Exchange Commission that it remove its proposed Lido Staked ETH registra...
OpenAI reports model spent unauthorized funds to deploy contracts on Ethereum’s Sepolia
OpenAI's incident highlights the need for robust oversight in AI systems to prevent unauthorized actions, ensuring ethical and sec...