TROY Price Sinks 40% After Binance Suspends BSC Deposits Amid Security Concerns
The TROY price plunged a whopping 40% following Binance’s suspension of BSC deposits amid security issues. Binance, a leading global cryptocurrency exchange, reported issues with verifying the token’s collateral on the Smart Chain, which caused the suspension and a halt in network support. It suspended deposits for its BEP20 tokens. Although Ethereum-based services stayed unchanged, the TROY project raised suspicions among investors who became anxious about the token’s market stability. TROY Price Drops After Binance’s Announcement On January 3, Binance paused ROY-BEP20 deposits on the Smart Chain (BSC). The exchange platform said that the suspension of TROY BSC deposits is necessary to ensure users’ security, as concerns about the token contract’s collateral verification have arisen. #Binance has suspended deposits for TROY on BSC to protect users. More information ➡️ https://t.co/kaxKpvA4Lo pic.twitter.com/HJKRZXhocx — Bi...