Binance Steps Into the Crossfire

[cryptoenthusiast]

The feud spilled into markets as Binance announced it will stop supporting OCEAN ERC-20 deposits starting Oct. 20.

The exchange didn’t cite the dispute directly but said deposits “will not be credited and may lead to asset loss.”
Many of the disputed tokens are on Ethereum, suggesting Binance is taking internal risk-control measures.

Sheikh claimed this was Binance “listening” to his calls for investigation into Ocean’s token transfers.

Market impact: FET and OCEAN holders now face heightened uncertainty as exchanges tighten controls.

[alex10]

Binance facing multiple jurisdictions at once shows how complex global regulation has become.

[Nahid Hossen]

Despite pressure, Binance adapting rapidly might prove crucial for keeping its dominant market position.