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Binance Futures has officially announced that it will delist the PORT3USDT perpetual futures contract from the platform. According to the company’s statement, all open positions on the USD(S)-M PORT3USDT Perpetual Contract will be automatically closed on November 23, 2025, at 06:30 (UTC), and the settlement will be handled centrally. After this process is completed, the contract will be fully delisted and removed from the futures market list.
Binance strongly advises users to close their positions voluntarily before the deadline to avoid forced automatic settlement. This gives traders more control and helps reduce risks related to slippage or heightened volatility.
New Position Opening Has Been Disabled
As part of the delisting process, the option to open new positions on the PORT3 perpetual contract was fully disabled as of November 23, 2025, at 06:00 (UTC). After this time, users can only manage or close their existing positions. Binance stated that liquidity and risk controls are actively in place to ensure a smooth and transparent transition for all users.
Massive Hack Attack on PORT3
The crypto market is currently facing a major security crisis. According to on-chain data, Port3 Network’s native token PORT3 suffered a severe exploit. The attacker minted approximately 1 billion PORT3 tokens by taking advantage of a contract vulnerability.
Following the attack, the price of PORT3 crashed from $0.04 to below $0.01, wiping out nearly $30 million in market value. After initially falling to $0.009, the token is now trading around $0.01 as news of the hack continues to spread.
Users Urged to Review Their Positions
The removal of PORT3 from the futures market is a critical development for users trading this product. Binance advises all traders to carefully review their balances and open positions, manage their risk appropriately, and take the necessary steps before the automatic settlement occurs, ensuring they can navigate the process to their advantage.
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