Crypto.com suspends BNB Chain deposits

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Updated December 5, 2022 | Published December 5, 2022

2 mins read

The exchange is one of many steering clear from BNB Chain and BUSD deposits.

Singapore-based cryptocurrency exchange Crypto.com has suspended access to BNB Chain deposits.

The move includes suspending all BEP-20 tokens, BNB, BUSD, and more.

Users are reported to have been experiencing difficulties since Monday, November 28. Those who had attempted to deposit funds were told that “deposits were on hold for the time being” and that a team member at Crypto.com would have to confirm if it was possible to go ahead with any future user transfers.

Although Crypto.com has not yet announced any confirmation through social media, BCS News tweeted: “@cryptocom app has suspended $busd #BNBChain (bep20) deposits. If you deposit, funds may be lost!”

The tweet included a screenshot from a Crypto.com customer with a message stating a “24-hour” wait until the query would be picked up again.

The firm is not the first to suspend BNB Chain connected deposits. Toward the latter end of November, Poloniex suspended BNB Chain-related stablecoins with crypto exchange Kucoin and Gate.io rumoured to have also followed suit.

 

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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