Binance and Huobi to Suspend FTT Deposit Amid Off-Schedule Additional Token Unlock

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Binance and Huobi to Suspend FTT Deposit Amid Off-Schedule Additional Token Unlock

The Binance exchange has stopped deposits and margin trading in FTT tokens. Earlier, there was information about the release of $400 million in FTT outside the unlock schedule. “Binance has halted FTT deposits to prevent questionable additional shipments from potentially impacting the market. We will be monitoring the situation. We encourage other exchanges to do the same, just to be safe. Let’s not have another GALA,” wrote the head of the company, Changpeng Zhao. Justin Sun also revealed that Huobi will suspend FTT deposits.

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