ACT project Fangfa accident review: panic selling triggered by Binance's adjustment of leverage rules
According to ACT's official post-mortem review, ACT tokens experienced a sharp decline in the past 24 hours, due to Binance's surprise adjustment of multi-currency leverage and margin rules including ACT from March 31st to April 1st, resulting in a large number of high-leverage positions being forced to position squaring, forming a selling pressure. According to Binance's preliminary investigation, 4 users (including 3 VIPs) sold more than $1 million ACT, triggering a chain liquidation. The team emphasized that the ACT project itself has no technical or internal control issues, and will still focus on AI and decentralized infrastructure construction. The progress will be released at Token2049 at the end of the month.