Binance has temporarily stopped deposits for TROY (BSC) due to a potential security issue with the token's BEP20 contract. The suspension, announced on January 2, 2025, is aimed at protecting users from risks associated with the token on the Binance Smart Chain (BSC) network. Following the news, TROY dropped 40%, currently trading at $0.

The crypto exchange highlighted that security issues with the TROY BEP20 smart contract in addition to slow response from the team led to the suspension decision.

TROY price nosedived 40% after Binance suspended deposits for its BEP20 token due to security concerns. The exchange cited issues with verifying the token's collateral on the Smart Chain, leading to the suspension and a halt in network support.

New entrants must be careful to limit their risk and not get caught bag holding TROY token.

The TROY token has gone parabolic, soaring over the past eight consecutive days and reaching its highest level since July 2023. Troy (TROY), a cryptocurrency at the intersection of artificial intelligence and gaming, rose to $0.

Binance Futures is set to launch the TROYUSDT Perpetual Contract, offering up to 75x leverage, expanding trading options for users.

Binance will be removing more trading pairs soon. Find out which.