Cryptocurrency exchange Binance announced that it will suspend deposits for the altcoin TROY (BSC) starting January 2, 2025. This decision was made due to a potential security issue related to the TROY-BEP20 token contract. The exchange emphasized that this action was taken to ensure user security.
Binance Ends Support on BSC Network
Binance stated that it will no longer support TROY coin deposits through the BNB ($965.39) Smart Chain (BSC) network. The company mentioned that it attempted to communicate with the project team to verify the collateral situation concerning coins issued on the BSC network. However, it was emphasized that the project team did not provide adequate explanations regarding the matter.
Binance TROY (BSC) AltcoinThe cryptocurrency exchange specified that it would only resume deposits for TROY once it is deemed secure. Additionally, it was noted that no separate announcement would be made regarding this issue.
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