Binance Temporarily Suspends Deposits for 10 Tokens Due to Issue with Multichain

Binance has suspended deposits for 10 tokens due to ongoing issues with the Multichain bridge project.

This decision affects users of these bridged tokens on BNB Smart Chain, Fantom, Ethereum and Avalanche blockchains.

The affected tokens include AVA-ETH, SPELL-AVAXC, and FTM-ETH, as stated by Binance.

Withdrawals remain unaffected by this development. The Multichain platform’s users and the entire crypto space have been left in suspense due to the project’s “force majeure” explanation, as well as unverified reports of the core leadership team’s arrest in China.

Thus far, the project’s Discord server and Telegram levels have not delivered any proper updates.