Coinbase Announces It Will Suspend Trading in This Altcoin, Price Reacts!

Coinbase, the largest cryptocurrency exchange in the USA, continues its altcoin announcements.

Coinbase stated in its statement that trading in the altcoin named PlayDapp (PLA) will be suspended.

“In light of recent updates to the PlayDapp (PLA) smart contract, we have suspended PLA trading and transfers across Coinbase.com, Coinbase Prime, Advanced Trade and Coinbase Exchange.

“We will continue to monitor developments regarding PLA from the issuer and update our customers as more information becomes available.”

We will continue to monitor developments related to PLA from the issuer and update our customers as more information becomes available.

Learn more: https://t.co/PoDxz71eAp

— Coinbase Assets 🛡️📞 (@CoinbaseAssets) February 14, 2024

At this point, Coinbase suspended PLA trading based on PlayDapp’s statement that it had suffered a hacking attack.

Because PlayDapp said in a statement: “Following the confirmation of the hacker attack, PlayDapp took immediate action by requesting the immediate suspension of deposits and withdrawals from major centralized exchanges and reporting the incident to the investigative authorities.” He stated:

PLA, which dropped up to 13% in the last 24 hours after the negative news, continues to be traded at $ 0.139 at the time of writing.

*This is not investment advice.