Binance has recently announced a temporary suspension of support for several Multichain-linked tokens. This decision comes from the ongoing situation surrounding the Multichain (MULTI) protocol.
While most cross-chain routes within the Multichain protocol operate smoothly, certain routes are currently unavailable. The exact timeline for service restoration remains uncertain. However, pending transactions will be automatically credited once the service is reinstated.
Token Suspension Details
Effective July 7, 2023, Binance will cease support for deposits and withdrawals of the following Multichain-bridged tokens, as specified by the associated networks:
- Polkastarter (POLS) via BNB Smart Chain
- Alchemy Pay (ACH) via BNB Smart Chain
- Beefy.Finance (BIFI) via Fantom Network
- SuperVerse (SUPER) via BNB Smart Chain
- Travala (AVA) via Ethereum Network
- Spell Token (SPELL) via Avalanche C-Chain
- Alpaca Finance (ALPACA) via Fantom Network
- Harvest Finance (FARM) via BNB Smart Chain
Conclusion
Binance’s decision to temporarily halt support for certain Multichain-linked tokens aims to ensure a seamless user experience and maintain operational integrity. The exchange remains committed to providing a secure and reliable trading environment, and users can expect updates regarding the resumption of services as the situation progresses.
