News list for "Binance Security"
ACT project Fangfa accident review: panic selling triggered by Binance's adjustment of leverage rules
According to ACT's official post-mortem review, ACT tokens experienced a sharp decline in the past 24 hours, due to Binance's surprise adjustment of multi-currency leverage and margin rules including ACT from March 31st to April 1st, resulting in a large number of high-leverage positions being forced to position squaring, forming a selling pressure. According to Binance's preliminary investigation, 4 users (including 3 VIPs) sold more than $1 million ACT, triggering a chain liquidation. The team...
2025-04-02 15:36:32
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