{"id":69989,"date":"2022-11-13T13:17:20","date_gmt":"2022-11-13T11:17:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69989"},"modified":"2025-09-07T23:23:38","modified_gmt":"2025-09-07T20:23:38","slug":"binance-resumes-ftt-deposits","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-resumes-ftt-deposits\/","title":{"rendered":"Binance resumes FTT deposits"},"content":{"rendered":"<p>The cryptocurrency exchange Binance halted deposits in the FTX (FTT) utility tokens after a large tranche of the asset was released outside the unlock schedule, according to chief executive Changpeng Zhao.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> has stopped FTT deposit, to prevent potential of questionable additional supplies affecting the market. We will monitor the situation.<\/p>\n<p>Also encourage other exchanges to do the same, just to be safe. Let\u2019s not have another GALA.<\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1591688600701239297?ref_src=twsrc%5Etfw\">November 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abBinance stopped deposits in FTT to prevent possible influence on the market of dubious additional supplies. We will monitor the situation. We call on other exchanges to do the same, simply for safety. Let\u2019s not have another <a href=\"https:\/\/u1f987.com\/en\/news\/gala-games-token-falls-about-25-amid-fears-of-a-multi-million-dollar-hack\">GALA<\/a>\u00bb, he wrote.<\/p>\n<\/blockquote>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">14 \u043d\u043e\u044f\u0431\u0440\u044f 2022 | 08:19<\/time><span class=\"gtb_text-wrappers_update_head\">\u0410\u043f\u0434\u0435\u0439\u0442: <\/span><\/p>\n<p>Binance has resumed deposits in FTT tokens, acknowledging that the unlock schedule had not been breached. According to the statement, fund movements were likely tied to &#8216;internal consolidation of FTX assets&#8217;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are reaching out to the current FTX team for further clarification. <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> has since reopened deposits of <a href=\"https:\/\/twitter.com\/search?q=%24FTT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$FTT<\/a>. <\/p>\n<p>Thank you and sorry for any inconvenience.<\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1592022803041357824?ref_src=twsrc%5Etfw\">November 14, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<p>FTT tokens <a href=\"https:\/\/help.ftx.com\/hc\/en-us\/articles\/360029638552-FTT-Transparency-Page\">were issued<\/a> on the premine. For FTX staff and other affiliated holders there is an unlock schedule, according to which the project team may freely dispose of the assets starting from 1 May 2022.<\/p>\n<p>Changpeng Zhao noted that from the contract <a href=\"https:\/\/etherscan.io\/address\/0x772589e99bc9c54dd40acb7d73f88ccbc9d9cf47\">FTX: Deployer<\/a> &#8216;they moved all remaining FTT supply worth $400 million&#8217;. According to the yEarn Finance developer known as banteg, this refers to assets Alameda Research had previously sent to the address.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">yeah they were received from alameda previously<a href=\"https:\/\/t.co\/kDC0QNywtx\">https:\/\/t.co\/kDC0QNywtx<\/a><\/p>\n<p>\u2014 banteg (@bantg) <a href=\"https:\/\/twitter.com\/bantg\/status\/1591633251839483904?ref_src=twsrc%5Etfw\">November 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The head of Binance supported by Justin Sun. He stated that Huobi would also suspend deposits in FTT. In October 2022 the founder of Tron <a href=\"https:\/\/u1f987.com\/en\/news\/huobi-token-climbs-85-in-a-week-as-justin-sun-reveals-a-large-ht-stake\">joined<\/a> the exchange&#8217;s advisory council.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\nhttps:\/\/twitter.com\/justinsuntron\/status\/1591692005692026881?s=20&#038;t=opdYHqbKx6h_I6ciELthTQ\n<\/div>\n<\/figure>\n<p>Earlier ForkLog reported that unknown actors withdrew from FTX wallets <a href=\"https:\/\/u1f987.com\/en\/news\/unknown-actors-moved-more-than-400-million-from-ftx-wallets\">over $400 million<\/a> in digital assets. According to some estimates, the total amount moved reached $600 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If you\u2019re wondering WTF happened overnight\u2026<\/p>\n<p>\u2022 $600m left FTXs wallet<br \/>\u2022 FTX\u2019s telegram said it was a hack<br \/>\u2022 The Site\/App are infected<br \/>\u2022 Blackhat theft at ~450m <br \/>\u2022 FTX rescued ~200m<br \/>\u2022 soBTC on Solana has lost peg (-77%)<br \/>\u2022 and more.<\/p>\n<p>Hacker or inside job? \ud83e\udd14<\/p>\n<p>\u2014 Edgy \u2014 The DeFi Edge \ud83d\udde1\ufe0f (@thedefiedge) <a href=\"https:\/\/twitter.com\/thedefiedge\/status\/1591410669428961281?ref_src=twsrc%5Etfw\">November 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As previously reported, the FTX Group <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">filed for bankruptcy<\/a>, and the company&#8217;s chief executive Sam Bankman-Fried resigned.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Binance halted deposits in the FTX (FTT) utility tokens after a large batch of the asset was released outside the unlock schedule.<\/p>\n","protected":false},"author":1,"featured_media":69990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1236],"class_list":["post-69989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-ftx"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69989"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69989\/revisions"}],"predecessor-version":[{"id":69991,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69989\/revisions\/69991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69990"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}