Five Cryptocurrencies Suspended on Binance
Cryptocurrency exchange Binance; stopped withdrawals for five tokens. A review has been launched for Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN) and Golem (GLM) tokens.
Binance made a statement about the abnormal price movements detected in five tokens on their platform. According to the statement made by Binance; Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN) and Golem (GLM) tokens are under investigation.
Cryptocurrency exchange Binance has been on the agenda frequently with its recent studies and statements. Finally, Binance CEO Changpeng Zhao said that this is normal, but the exchange still suspended transactions for some accounts.
However, Binance has temporarily locked withdrawals on some of the earning accounts. With this comes the role of centralized exchanges and how much they have intervened.
Finally, Binance CEO Changpeng Zhao made the following statement on the subject:
“Based on our research so far, it just seems to be market behavior. A man deposited money and began to buy. The other men followed him. I can’t see links between accounts. We are very aware of the concept of intervention from the platform”