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Binance suspends deposits for bridged tokens, seeks clarity from Multichain team

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Crypto exchange Binance suspended deposits for 10 bridged tokens on May 25 following days of stuck transactions that sparked uncertainty surrounding the Multichain protocol.

Affected token pairs include Polkastarter (POLS), Alpaca Finance (ALPACA), (AVA), Spell (SPELL), Fantom (FTM), Alchemy (ACH), Beefy (BIFI), SuperVerse (SUPER), Harvest Finance (FARM) and DeXe (DEXE).

The move impacts users of bridged tokens on the BNB Smart Chain, Fantom, Ethereum and Avalanche blockchain networks.We'll be temporarily suspending deposits for the following bridged tokens-network while we await clarity from the Multichain team.POLS-BSCACH-BSCBIFI-FTMSUPER-BSCAVA-ETHSPELL-AVAXCALPACA-FTMFTM-ETHFARM-BSCDEXE-BSCDeposits of the above assets on other networks are…According to Binance’s deposit page, withdrawals of these tokens and deposits on other networks are still available.

Multichain’s (MULTI) silence about the ongoing issues has been fueling uncertainty. As reported by Cointelegraph, transactions on the protocol have been delayed across multiple cross-chain bridges.

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