Binance to suspend transfers of several tokens tied to Multichain following May incident
Binance has suspended support for deposits and withdrawals of several cross-chain bridge tokens associated with the Multichain project, effective from July 7.
The suspension, set to start on July 7, will remain in place on Binance.com until further notice, as stated in an. The suspension includes an array of tokens minted on Multichain across different networks. It particularly impacts tokens deployed on BNB Smart Chain, including tokens such as Polkastarter , Alchemy Pay , and Beefy.Finance and Harvest Finance .
Binance has not specified the reason for suspending assets tied to the Multichain bridge. The exchange merely noted that this is a follow-up to a previous action taken against Multichain on May 24. At the time, Binancesupport for deposits of some tokens transferred via Multichain, citing complications with the Multichain protocol.
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