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Binance's recent decision led to a significant drop in TROY's price by 40% within hours. The cryptocurrency exchange halted deposits of the TROY-BEP20 token on the BSC network due to collateral validation issues. This move sparked confusion among investors about the token's future. Concerns about TROY's transparency and market impact resurfaced as a result. Binance suspended TROY-BEP20 on the BSC on January 3rd, citing collateral check problems. The exchange emphasized user safety and security as reasons for the suspension. TROY's price plummeted following the announcement, raising investor worries. While the BSC network is affected, Ethereum-based TROY services remain unaffected. Binance is working with the TROY team to resolve the issue, but communication gaps have added to market uncertainty. The suspension highlights weaknesses in TROY's operational model and underscores the importance of transparency in the crypto world. Investors await a clear resolution timeline from Binance and TROY to restore confidence in the project's future. Read more AI-generated news on: https://app.chaingpt.org/news