Binance and other exchanges block FTT deposits after revealing irregular launch

Bitcoin (BTC) and cryptocurrency exchange Binance and Huobi on Sunday blocked deposits in FTT, the original crypto asset of the collapsed FTX, after nearly $400 million in tokens were released without warning.

as it is mentioned CEO of Binance Exchange Chanpeng Zhao (CZ), executors of contracts that govern FTT They moved “all remaining exhibits” from that original.

“Not quite sure what’s going on,” Zhao said in his tweet, where he is also. Urging other exchanges to block deposits in FTT.

Justin Sun, founder of Tron and CEO of Huobi Exchange, responded to the call of CZ and communication Via Twitter that they have also suspended FTT deposits. “We will monitor the situation closely,” said the businessman who decided. Throws a lifeline for FTX users before his catastrophe worsens.

Other exchanges also suspended FTT depositsHow KuCoin. This platform reported hours ago that they decided to stop the deposit service, although they did not report the reason. They only apologized “for any inconvenience they caused” and indicated that any further information would be announced “as soon as possible”.

Sharp and unannounced FTT movement that grabbed attention

According to the FTT process, as reported by Coindesk, these tokens have an extension Pre-set unlock schedule. This allows batches of crypto assets to be issued in the market on a regular basis.

But this Sunday, at dawn, Tokens released outside the expected timeAnd without notice or communication from the collapsed stock exchange now.

In addition to the unannounced move, what appears to be the alert of the CEO of Binance It was Millionaire The amount of tokens transferred from the portas these assets had to be opened in installments, according to Czechoslovakia.

It should be borne in mind that only a day has passed since this was reported FTX allegedly hackedWhich cost a loss of nearly 600 million dollars.

If you can data From Etherscan, a network block explorer raisedAnd the 195 million FTT proven transmissions (more than $380 million) from an FTX exchange port account to an unidentified wallet.

Such as money bag It has received only three shipments as of closing this article. The first two were from the FTX port. And the latest from the KuCoin exchange.

It is noteworthy that the first transfer, which took place more than 10 hours ago, was for only 1 FTT and a few minutes later the second transfer was made in the amount of 195 million tokens.

It happens that the latest transfer received by that wallet from Kucoin was for only 0.51 FTT, so the question remains whether there will be another movement of funds of this type towards the unknown address.

The FTT movement and the blocking of deposits on Binance and Huobi continue the controversy launched as a result of break FTXwhich one day became One of the most important cryptocurrency exchange companies from the market.

As reported by CriptoNoticias since the start of the situation, Director FTX have incurred embezzlement of funds from its users. He supposedly used this money to fund Alameda Research, an exchange sister company. for all this, Losses are estimated at more than 8 billion US dollars.

Update 11/13/2022: This text has been updated to add information about blocking deposits on Kucoin.