Deposits for bridged tokens have been temporarily suspended by Binance, leading to concerns about the Multichain protocol. The suspension affects several token pairs, including POLS, ALPACA, AVA, SPELL, FTM, ACH, BIFI, SUPER, FARM, and DEXE, on networks such as BNB Smart Chain, Fantom, Ethereum, and Avalanche. While withdrawals and deposits on other networks are still available, the lack of clarity from Multichain regarding the ongoing issues has fueled uncertainty. Previous communication from Multichain mentioned that some cross-chain routes were unavailable due to force majeure, with no clear timeline for service restoration. Speculation about the arrest of Multichain’s team by Chinese authorities circulated on Twitter, along with reports of significant fund movements. Binance, being an investor in Multichain, has sought clarification from the protocol but has not received an immediate response. Multichain previously raised $60 million in seed funding, with Binance Labs and other venture capital investors participating in the funding round.
US district judge refers FTX independent examiner issue to appellate court
A motion for the appointment of an independent examiner in the bankruptcy case of crypto exchange FTX has been referred...
