Tag: Halts

Redstone’s Airdrop Cut Sparks Firestorm as Binance Halts RED Listing

coiner

Blockchain oracle Redstone faces community backlash and a Binance listing suspension following a controversial reduction in its RED token airdrop allocation. From 9.5% to 5%: Redstone’s Community Airdrop Allocation Slashed Redstone, a blockchain oracle providing data feeds for decentralized applications, has encountered significant turmoil after reducing its RED token community airdrop allocation, prompting Binance to […] Source link

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Hotbit exchange halts operations, urges users to withdraw funds

coiner

Crypto exchange Hotbit announced that it would be halting operations as of May 22. The exchange asked its users to withdraw funds before June 21, at 4:00 am UTC. In an announcement, the exchange said that its operating conditions have deteriorated since a former member of its team was subjected to an investigation in August 2022. According to the exchange, the probe forced it to stop its business for weeks. In addition, Hotbit also cited various incidents within the crypto space as contributors to its decline. The exchange cited the FTX…

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