The world's largest crypto exchange Binance continues its altcoin announcements.
A new announcement has now come from Binance, which recently stated that "Due to the circumstances surrounding the protocol, TORN deposits are temporarily paused until further notice."
Stating that TORN deposits are continuing again, Binance also stated that according to the latest reviews, it has decided to move Tornado Cash (TORN) to the Innovation Zone until 30.05.2023.
Binance made the following statements in its statement:
“While the proposal to restore governance status in Tornado Cash (TORN) DAO has been accepted and executed, Binance has resumed deposits for TORN via the Ethereum (ERC20) network and BNB Smart Chain (BEP20).
Binance previously suspended TORN deposits via Ethereum (ERC-20) network and BNB Smart Chain (BEP20) network at 01:48:40 UTC on 21.05.2023 due to recent events in TORN DAO.
Additionally, according to recent reviews, Binance has decided to move Tornado Cash (TORN) to the Innovation Zone by 2023-05-30. Projects placed in the Innovation Zone will be followed closely."
After the Binance announcement, there was a 3% increase in the TORN price. TORN, which goes up to $ 4.40, is trading at $ 4.34 at the time of writing.
*Not investment advice.