Changpeng Zhao, the chief executive of cryptocurrency exchange Binance, announced on Sunday that the company no longer accepts deposits of FTX’s FTT token on its platform and urged other competing exchanges to follow suit.
The crypto exchange FTX, which declared bankruptcy on Friday, stated it had discovered unauthorised access on Saturday. Analysts also claimed that hundreds of millions of dollars’ worth of assets had been removed from the network under “strange circumstances.”
“To avoid the possibility of the market being affected by doubtful additional supplies, (Binance) has ceased FTT deposits. We’ll keep an eye on everything “According to CEO Zhao’s tweet.
