Multichain Network token MULTI rose nearly 30% after several users confirmed that the cross-chain bridge services resumed operation on its official Telegram channel on June 5. According to CryptoSlate’s data, MULTI reached as high as $4.89 before retracing to $4.39 at the time of writing. Multichain resumes operation On June 5, Multichain’s VP Tung Dinh corroborated the…
Binance temporarily suspends deposits for 10 Multichain-bridged tokens
Crypto exchange Binance has announced a temporary suspension of deposits for ten Multichain-bridged (MULTI) tokens, pending further clarification from the protocol’s team. According to a May 25 tweet from Binance, the exchange said the decision would affect some assets deposits with blockchain networks like Fantom (FTM), BNB Smart Chain, Ethereum (ETH), and Avalanche (AVAX). This…
Whales offload Multichain as network suffers delayed transactions
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