Nov 13 (Reuters) – Cryptocurrency alternate Binance has stopped accepting deposits of FTX’s FTT token on its platform, its chief govt Changpeng Zhao stated on Sunday, urging different rival exchanges to do the identical.
FTX, which filed for chapter on Friday, was engulfed in additional chaos on Saturday when the crypto alternate stated it had detected unauthorized entry and analysts stated lots of of hundreds of thousands of {dollars} of property had been moved from the platform in “suspicious circumstances”. learn extra
“(Binance) has stopped FTT deposit, to stop potential of questionable extra provides affecting the market. We’ll monitor the state of affairs,” CEO Zhao stated in a tweet.
“FTT contract deployers moved all remaining FTT provide value $400 million, which ought to be unlocked in batches. Not too positive what is going on on,” he added, in one other tweet.
Reporting by Shubham Kalia in Bengaluru;Modifying by Elaine Hardcastle
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