
PANews|Apr 02, 2025 15:34
Review of the ACT project incident: panic selling triggered by Binance adjusting leverage rules
According to the official post event review released by ACT, the ACT token has experienced a significant decline in the past 24 hours, due to Binance's sudden adjustment of multi currency leverage and margin rules, including ACT, from March 31 to April 1, resulting in a large number of high leverage positions being forced to close and creating selling pressure.
According to a preliminary investigation by Binance, four users (including three VIPs) sold over $1 million worth of ACT, triggering a chain liquidation. The team emphasizes that the ACT project itself has no technical or internal control issues, and will continue to focus on AI and decentralized infrastructure construction. Progress will be released at the end of the month on Token2049.
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