Binance apologizes: A big PENGU airdrop for compensation!

Binance, which apologized for a problem with the listing of Puddy Penguins (PENGU), announced that it will airdrop its users who traded during certain hours.

The world-famous NFT collection Puddy Penguins was listed on many exchanges after the airdrop distribution. The popular crypto project started trading on #Binance at 14:30 the other day. Binance's listing of PENGU victimized investors due to a problem with the exchange's database.

Binance made a statement about the victimization in question. The exchange used the following statements;

"Binance apologizes for the inconvenience it has caused to its users. In addition to conducting a review with our data provider, Binance will implement measures to prevent similar issues, including investigating alternative and multiple data sources."

The exchange announced that it will make a big airdrop to its victimized users.

Binance made statements regarding the data problem experienced in the first half hour of PENGU's listing. Binance showed PENGU’s market value 10 times lower than its current value for half an hour the other day. PENGU, which was traded at $3.5 billion, was reflected as $350 million on Binance. This situation misled investors.

Binance, which shed light on the issue, made the following statement;

“Due to the delay in updating the token information for Pudgy Penguins (PENGU) by our data provider CoinMarketCap, the market value and fully diluted valuation (FDV) data shown for the project after it was listed on Binance Spot were not updated in a timely manner. Binance informed the CMC team upon discovery of the issue and quickly updated the CMC data.”

The exchange announced that it would make an airdrop to those who bought PENGU from the spot market between 17:00 on December 17 and 17:37 on December 17 as compensation. Binance will airdrop 135 million $PENGU to those who traded during the time period when #CMC showed incorrect market cap data.