Binance Halts Deposits and Withdrawals of Defunct Terra Ecosystem Tokens: Details

Binance indefinitely suspends Terra LUNC and USTC deposits and withdrawals via shuttle bridge LUNAtics

The exchange has informed its users of forthcoming changes due to the impending shutdown of the Shuttle Bridge.

First, starting on Sept. 7, deposits and withdrawals of Shuttle Bridged LUNC and USTC made using the Ethereum network , BNB Smart Chain and Polygon network, respectively, will be halted indefinitely. Users can still use the Terra Classic network to deposit and withdraw their LUNC and USTC tokens, nevertheless. Spot and margin trading for LUNC and USTC, as well as relevant services on Binance Earn , are not affected. "Shuttle" is a Terra bridge that allows Terra assets to be sent between Terra and Ethereum networks. The original Terra blockchain, after its collapse, was abandoned and

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$1 billion pumped into Terra Classic’s market cap in a week as LUNC surges by 180%Terra Classic (LUNC), the original chain of the now collapsed Terra (LUNA) token, is recording increased buying pressure driving its... Continue reading
Read more »

Binance Blockchain Week Paris 2022 Guide: Frameworks and Foundations | Binance BlogWe have a lot in-store for you at BinanceBlockchainWeek Paris, with discussions centred around 4 main themes: 🔸 Frameworks and Foundations 🔸 Build Bold 🔸 Web3 Culture Convergence 🔸 A Web3-Powered World Here's an overview of what to expect 👇
Read more »

New Binance NFT Features And Updates Implemented in July and August 2022 | Binance BlogAt Binance, we're always committed to improving our platform. We've recently updated and added new features to TheBinanceNFT marketplace to provide the best user experience possible. Take a look 👇
Read more »

Snook Introduces BBT-Themed Game Rooms | HackerNoonSnook, a popular online multiplayer IO game, has introduced its BBT Themed rooms for ecosystem partners.
Read more »

FTX Forges Partnership With Busan to Develop Crypto ExchangeThe Bahamian-based crypto exchange will also support Busan's blockchain ecosystem.
Read more »

XRP Ledger Might Have Its Native Stablecoin Soon: What is Stably USD (USDS)?Fintech decacorn ripple partners with Stably_Official to release Stably USD $USDS stablecoin on XRPL Ripple $XRP
Read more »