#AIAgentFrenzy

Binance has temporarily suspended deposits for TROY tokens on the Binance Smart Chain (BSC) as of January 2, 2025, due to potential security concerns with the TROY-BEP20 token contract.

This precautionary measure aims to protect users while Binance collaborates with the TROY project team to verify the security of tokens minted on BSC. As of now, the project team has not provided sufficient clarification regarding the issue. Deposits may resume once the security concerns are resolved; however, no separate announcement will be made regarding the resumption.

It's important to note that other services related to TROY, such as deposits and withdrawals via the Ethereum Network (ETH), remain operational without interruption.

Following Binance's announcement, the price of TROY experienced a significant decline, dropping by 40%.

Other exchanges, such as Tokocrypto and Bitunix, have also suspended TROY (BSC) deposits due to similar security concerns.

Users holding TROY tokens should stay informed through official channels for any further updates regarding the status of TROY (BSC) deposits.