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News Explorer — Binance Suspends Deposits of Bridged Tokens Linked to Multichain

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May 25, 12:37 pm
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Binance Suspends Deposits of Bridged Tokens Linked to Multichain

Binance has suspended deposits of ten tokens bridged to Binance Chain, Ethereum, Avalanche, and Fantom due to days-long delays in transaction times. Multichain has deposits worth $1.52 billion locked on it, and users reported issues related to Multichain’s zkSync, Kava, and Polygon zkEVM bridge. The Multichain team is forming a compensation plan for affected users and is in talks with the bridging project’s CEO to resolve the issue.

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