🚨 Urgent Update: Suspension and Delisting of Gifto (GFT) 🚨
Dear Binancians,
To ensure user safety and maintain transparency, Binance has issued a significant update regarding Gifto (GFT). 🚫 Effective 2024-12-03, GFT will be delisted and cease trading on Binance. Here’s everything you need to know to protect your assets and stay updated:
🛑 Key Dates & Actions
1. Deposits Suspended:
📅 2024-11-29: Deposits for GFT suspended due to a potential smart contract security issue.
🔒 Deposits may reopen if deemed safe, but no separate announcement will follow.
2. Spot Trading Ceases:
📅 2024-12-03 at 08:00 (UTC): GFT/USDT trading pair will be removed.
💡 Auto removal of trade orders post-cessation.
3. Withdrawals Deadline:
📅 2025-02-02 at 08:00 (UTC): Last date to withdraw GFT from Binance.
4. Conversion Options:
Post 2025-02-02, any remaining GFT tokens may be converted into stablecoins, subject to Binance’s discretion.
⚡ Product Delistings
Simple Earn:
🚫 GFT delisted by 2024-12-03 at 06:00 (UTC). Flexible Products auto-redeemed to Spot Wallets.
Margin Trading:
🚫 Borrowings suspended from 2024-11-27 at 06:00 (UTC).
🔄 Positions closed and settled automatically by 2024-12-02 at 06:00 (UTC).
Binance Convert:
🚫 Delisted by 2024-12-02 at 02:00 (UTC).
🚨 Actions for Users
Spot Wallet Transfers: Move assets from Margin Wallets to Spot Wallets before the respective deadlines.
Trading Bots & Auto-Invest Plans: Cancel or update all GFT-related services before 2024-12-02 to avoid potential losses.
Gift Cards & Binance Pay: Manage any GFT-containing Gift Cards and Pay balances before 2024-12-03.
⚠️ Important Notes
Hide Small Balances: Uncheck this option to view GFT assets in your wallet after trading ceases.
Portfolio Margin: Monitor your Unified Maintenance Margin Ratio (uniMMR) to avoid liquidation.
Binance remains committed to fostering a secure and transparent crypto ecosystem. Manage your assets responsibly and stay vigilant!
💬 Have questions? Let us know in the comments below. Stay safe!
— Binance Team 🚀
2024-11-29