Binance experienced a data transaction issue with the listing of the Puddy Penguins (PENGU) token.
1 This resulted in incorrect market data being displayed for the first half hour of trading, showing PENGU's value as 10 times lower than its actual value.
2 This caused significant confusion and losses for investors. Binance acknowledged the problem, attributed it to a delay in updating token information from its data provider, and issued a large airdrop to compensate affected users.