In response to a series of Transactional issues that have raised concerns about the Multichain (MULTI) protocol, and leading Cryptocurrency exchange Binance has temporarily suspended deposits for 10 tokens linked as of May 25th.
affected token Pairs include Polkastarter (POLS), alpacatoken (ALPACA), travala.com (AVA), Spell (SPELL), fantom (FTM), Alchemy (ACH), beefy (BIFI), and SUPER (SUPER) , finance harvest (FARM), and dexe (DEXE).
Temporary suspension
In a tweet I went out on May 25th, Binance reported that they are temporarily suspending deposits for linked tokens-network While waiting for clarity.
the announcement Affects the following conjugations, POLS-BSC, ACH-BSC, BIFI-FTM, SUPER-BSC, AVA-ETH, SPELL-AVAXC, ALPACA-FTM, FTM-ETH, FARM-BSC, and DEXE-BSC on BNB Smart Chain, Fantom, Ethereum, and Avalanche blockchain networks.
As shown on Binance deposit page, despite the deposits for These specific tokens and withdrawals have been paused of These tokens and deposits on Other networks supported remain Unaffected and still is available for users.
fuel for suspicion
Although Binance attributed the comment to Multichain, the company has been relatively silent. the last tweet Multichain gone out on May 24th.
but, on Twitter, rumors also I traded around Multichain team He gets arrested in Shanghai and caused to start of the transfer of funds.
according to @tweet on Twitter, team associated portfolios with the project She reportedly transferred nearly $3 million worth of MULTI DOLLARS for cryptocurrency exchange. These developments have further contributed to investor concerns, resulting in this in 26.5% drop in the price of MULTI$ over a 24-hour period.
This accident highlights Weakness of cryptocurrency market for technical problems, regulatory Uncertainty, not verified informationredundant just how Important transparency, communication, and quick resolution of Ongoing issues development and accreditation of Digital currencies.
