ACT project party releases accident review: Panic selling triggered by Binance's adjustment of leverage rules

ChainCatcher news, according to the post-mortem report released by ACT officials, the ACT token experienced a significant drop in the past 24 hours, stemming from Binance's sudden adjustment of multi-currency leverage and margin rules, including ACT, between March 31 and April 1, which forced a large number of high-leverage positions to be liquidated, creating selling pressure.

According to Binance's preliminary investigation, 4 users (including 3 VIPs) collectively sold over 1 million USD worth of ACT, triggering a chain liquidation. The team emphasized that there are no technical or internal control issues with the ACT project itself and will continue to focus on building AI and decentralized infrastructure, with progress to be announced at Token2049 at the end of the month.