24/7 Cryptocurrency News

Breaking: FTX To Suspend LUNC, USTC Deposits And Withdrawals, Delist ANC

FTX will suspend deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC), and ends Anchor Protocol support, delist ANC.
Published by
Breaking: FTX To Suspend LUNC, USTC Deposits And Withdrawals, Delist ANC

Crypto derivatives exchange FTX on Monday said it will suspend deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC) from September 12 at 14:00 UTC. In addition, FTX will end support for Anchor Protocol, delist ANC, and suspend ANC spot and futures on September 12.

Advertisement

FTX Ends Anchor Support, Suspends LUNC and USTC Deposits and Withdrawals

Crypto exchange FTX, in an official announcement on September 5, revealed that deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC) will be suspended on September 12 at 2 PM UTC.

FTX Wallet will no longer support deposit and withdrawal services. However, the crypto exchange will continue to support the “convert function” for LUNC and USTC.

FTX recommends completing deposits and withdrawals before the deadline. Deposits and withdrawals made after the deadline will not credit to wallets.

In addition, FTX will delist Anchor Protocol (ANC) token. It will also end support for ANC spot and futures markets on September 12 at 2 PM UTC.

FTX will cancel all ANC/USD and ANC-PERP orders, cease trading on ANC/USD and ANC-PERP markets, and suspend ANC deposits and withdrawals. Moreover, ANC-PERP will cash-expire to a 1-hour TWAP of its corresponding index prices.

However, the “convert function” for ANC will be available on the crypto exchange.

Last week, FTX supported the Terra Classic (LUNC) network upgrade on August 26. It reopened withdrawals for all Terra Classic tokens after a successful upgrade.

Binance earlier announced the suspension of Terra Classic and TerraClassicUSD due to the closure of the Shuttle Bridge. This ended deposits and withdrawals of Terra Classic (LUNC) via the Ethereum network. However, users can still use the Terra Classic network to deposit and withdraw their LUNC and USTC tokens.

Advertisement

Terra Tokens Gets Community Support

Terra community continues to support Terra Classic (LUNC) and TerraClassicUSD despite the Terra crisis. In fact, all Terra tokens LUNA, LUNC, and USTC saw massive daily trading volume.

The community aims to recover prices through burning, staking, building projects, ecosystem education, and governance. The Terra Classic price is trading at $0.0002781, up nearly 13% in the last 24 hours.

Meanwhile, USTC and LUNA are trading strongly, up over 8% and 2%, respectively.

Advertisement

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Is Trump Family, Mr. Beast Buying ASTER Token? Rumors Gain Strength

ASTER Token is once again gaining strength as rumors get ripe that big players like…

September 27, 2025
  • 24/7 Cryptocurrency News

Solana ETF Update: Grayscale, Fidelity, Others Files S-1 With Staking, Approval Expected in Two Weeks

Several major issuers, including Grayscale, Fidelity, and Bitwise, have filed new amendments to their Solana…

September 27, 2025
  • 24/7 Cryptocurrency News

Cyber Hornet Seeks SEC Nod for S&P 500 and XRP ETF

Cyber Hornet has filed with the U.S. Securities and Exchange Commission (SEC) to launch a…

September 27, 2025
  • 24/7 Cryptocurrency News

Cathie Wood’s Ark Invest Eyes Stake in Tether as USDT Issuer Targets $500B Valuation

Tether Holdings is preparing for one of its biggest funding rounds, with two global investors…

September 26, 2025
  • 24/7 Cryptocurrency News

Kraken Secures $500M at $15B Valuation, Eyes IPO in 2026

Kraken raised $500 million, increasing its valuation to $15 billion, setting the stage for a…

September 26, 2025
  • 24/7 Cryptocurrency News

Bybit Lists Ripple’s RLUSD Following BlackRock and VanEck Integration

Crypto exchange Bybit has announced its listing of Ripple's RLUSD amid the stablecoin's growing adoption.…

September 26, 2025