Cryptocurrency exchange Binance halted deposits for 10 bridging tokens on May 25 after days of trading stuck causing uncertainty around the Multichain protocol.
Affected token pairs include Polkastarter (POLS), Alpaca Finance (ALPACA), Travala.com (AVA), Spell (SPELL), Fantom (FTM), Alchemy (ACH), Beefy (BIFI), SuperVerse (SUPER) , Harvest Finance (FARM) and DeXe (DEXE). The move impacts token users bridged across the BNB Smart Chain, Fantom, Ethereum, and Avalanche networks.
According to Binance’s deposit page, withdrawals of these tokens and deposits on other networks are still available.
Multichain’s (MULTI) silence on ongoing issues has caused uncertainty. As reported by Cafebitcoin, transactions on the protocol have been delayed across multiple cross-chain bridges.
In a tweet from May 24, Multichain said that some cross-chain routes are unavailable “due to force majeure,” noting that service recovery times are unclear. This is the final communication from the protocol on the social media platform.