Crypto exchange Binance will suspend support for eight Multichain-bridged (MULTI) tokens on July 7 till further notice because of the issues with some of the protocol’s cross-chain routes.
In a July 5 update, Binance stated that its users would be unable to deposit or withdraw digital assets, including Travala, Alchemy Pay, Harvest Finance, Polkastarter, and others, across blockchain networks like Fantom (FTM), BNB Smart Chain, Ethereum (ETH), and Avalanche (AVAX).
Meanwhile, the exchange stated that deposits for these assets would remain open on other networks.
Binance previously temporarily suspended deposits for ten Multichain-bridged tokens in May. At the time, the exchange attributed its decision to the issues plaguing the cross-chain solution provider.
Multichain dumps 7%
Following news of Binance’s new suspension of some of its bridged tokens, Multichain’s MULTI token declined 7% to $3.10 at the time of writing, according to CryptoSlate’s data.
Source: Tradingview
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