The exchange made a few changes to LUNC and USTC deposits and withdrawals.
Binance has announced it will suspend all deposits and withdrawals of Terra Classic tokens, LUNC, and USTC made through the Shuttle Bridge.
The exchange noted in a recent announcement that it would suspend the deposit and withdrawal of LUNC (Shuttle) and USTC (Shuttle) from September 7, 2022, at 00:00 UTC.
“Deposits and withdrawals of LUNC (Shuttle) via Ethereum network (ERC20) and USTC (Shuttle) via BNB Smart Chain (BEP20), Ethereum network (ERC20), and Polygon network will be suspended indefinitely from 2022-09-07 at 00: 00 (UTC),” the exchange said in a statement.
Binance noted that she made the decision on the upcoming closure of the Shuttle Bridge. Notably, after the suspension of LUNC (Shuttle) and USTC (Shuttle) deposits and withdrawals, Binance users will be allowed to transfer the tokens using only the Terra Classic network. Terra’s Shuttle Bridge allows users to send their Terra ecosystem tokens between Terra and other supported networks like Ethereum and Binance Smart Chain.
According to Binance, the development will not affect spot and margin trading of Terra Classic tokens.