Citing “recent industry events” in an email to users Wednesday, Crypto.com said “effective immediately” the platform would be “suspending deposits and withdrawals of USDC and USDT on the Solana Blockchain in the Crypto.com App and Exchange.”

The email continued to say that stablecoin deposits in other ecosystems, including Ethereum and Cronos, would not be impacted.

Crypto.com CEO Kris Marszalek, in a tweet responding to this article, explained that "FTX was an important bridge/venue for SOL-based stablecoins, we do not want any additional risk to our users coming from this area, hence disabling it."（ By Sam Kessler）