USDC and USDT Solana Deposits Suspended by a List of Crypto Exchanges
Login

USDC and USDT Solana Deposits Suspended by a List of Crypto Exchanges

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


USDC and USDT deposits for Solana (SOL) have been temporarily suspended, according to cryptocurrency exchanges Binance and OKX. The change follows Crypto.com’s recent suspension of USDC and USDT for Solana deposits and withdrawals. In support of its choice, Crypto.com cited recent developments in the crypto space. Following this news, the price of Solana has fallen significantly.

SOL has dropped by 75% over the past 4 hours. At press time, Solana is trading at $13.35, a decrease of 3.03% over the past 24 hours according to price analytics site CoinMarketCap.

SOL 24-Hour Chart on CoinMarketCap

Binance, Crypto.com, OKX, and Bybit on the List of Exchanges to Suspend Usdc and Usdt Solana Deposits

The world’s largest cryptocurrency exchange, Binance, recently announced that it was temporarily suspending USDC (SOL) and USDT (SOL) deposits. With this, Binance became the latest significant cryptocurrency exchange to halt Solana transactions. Along with Crypto.com, OKX and Bybit also disclosed the suspensions of USDC (SOL) and USDT (SOL) deposits.

FTX Promoters Sued in a Class Action Suit

In other news, former FTX CEO Sam Bankman-Fried, Tom Brady, Gisele Bundchen, Larry David, and a host of others have been named in a lawsuit as being part of a fraudulent ring responsible for fleecing investors who lost money in the FTX meltdown.

These four are named as defendants in the case along with other athletes and celebrities in a proposed class action lawsuit that was filed late Tuesday in federal court in Florida. All promoted FTX, one of the biggest cryptocurrency trading platforms, before it filed for bankruptcy on November 11; the company is currently being looked into for potential securities breaches.

The attorney leading the class action suit, Adam Moskowitz, reportedly said:

“It is still very difficult to comprehend that just one company defrauded more than $11 billion from consumers, all from our backyard here in Miami.”

 

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News