Binance, OKX and BitMEX Suspend Deposits and Withdrawals of Solana-based Tokens

Some important crypto exchanges are starting to stop accepting deposits and withdrawals of stablecoins based on the Solana blockchain.

Just to mention some, Binance, OKX and BitMEX have already banned the deposits and withdrawals of fiat-backed digital currencies USD Coin (USDC) and Tether (USDT).

As reported, the companies have decided to halt the deposits and withdrawals of all assets living on the Solana blockchain because the Solana project is associated with the collapsed FTX exchange, which uses the power of this blockchain.

According to Binance, the decision to suspend operations with Solana-based stablecoins is temporary. In fact, the exchange has already resumed accepting deposits in USDT.

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