Crypto.com Suspends USDT and USDC Withdrawals on Solana’s Blockchain Due to FTX’s Crisis

Crypto.com has suspended deposits and withdrawals in USDC and USDT on the Solana blockchain citing “recent developments in the industry.”

The letter reportedly sent to clients by Crypto.com has been published by analyst Lars Hoffmann. Users in the comments have confirmed they have received similar messages.

According to the letter:

“The decision takes effect immediately. However, you can withdraw USDC and USDT at any time using other supported networks, including Cronos and Ethereum.”

Crypto.com CEO Kris Marszalek has said:

“Of course, USDT/USDC on other networks work fine. FTX has been an important bridge/platform for Solana based stablecoins. We do not want any additional risk to our users to come from this area, hence we are disabling it.”

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