Binance, Huobi suspended FTT deposits after $400 million in crypto left FTX’s wallets

Crypto exchanges Binance and Huobi blocked deposits of FTX’s native tokens FTT Sunday after about $400 million worth of the tokens were released out of schedule, with no official explanation.

FTT tokens follow an unlocking schedule wherein large batches of the tokens are periodically released. Over 192 million FTT tokens were released.

 

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