What You Need to Know | Airdrop Alert Pro

Binance TROY (BSC) has temporarily suspended deposits due to potential security issues with the token BEP20 contract. pause, Announce January 2, 2025, designed to protect users from token-related risks Binance Smart Chain (Balanced Scorecard) Network. TROY fell 40% after the news broke and is currently trading at $0.0047 with a trading volume of $522. According to Binance, the TROY project team has yet to provide any clarification on the glitch that caused its instability. It was also a serious security failure that gave the company a bad name.

Why the pause?

The decision stems from Binance’s concerns about the collateral backing the tokens minted on BSC. The exchange is actively working with the TROY project team to solve this problem. However, the project has yet to provide sufficient clarification on the situation. Binance stated that TROY (BSC) deposits will only be restored if the token is deemed safe. It also clarified that no further announcement will be made if deposits are reopened.

While BSC deposits are suspended, TROY’s other services, such as deposits and withdrawals via the Ethereum network, are not affected. This ensures that users can still manage their TROY assets on Ethereum without disruption.

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TROY responds to rumors

During the suspension, TROY responded to rumors surrounding its acquisition. The project has denied claims of a takeover, calling the rumors false. Instead, TROY revealed that it is acquiring another AI Agent project.

In a statement shared on X, Troy says,

“The rumors circulating in the market about TROY being acquired are not true and are not supported by any evidence. Currently, TROY is acquiring another AI Agent project. This acquisition is still in progress.”

What’s next?

Binance will continue to work closely with the TROY team to ensure user safety. Until the issue is resolved, users are encouraged to stay informed of the situation through official updates from Binance and TROY. This situation highlights the importance of security and transparency in the cryptocurrency industry, and Binance takes steps to maintain trust and protect its community.