Dear $ACT community, we want to assure you that we're fully aware of the current situation. Our team is actively investigating and working collaboratively with all relevant parties to address this matter.
We've also begun developing an response plan alongside our trusted partners. We appreciate your patience and will provide updates as soon as possible.
Dear $ACT community, we want to assure you that we're fully aware of the current situation. Our team is actively investigating and working collaboratively with all relevant parties to address this matter.
We've also begun developing an response plan alongside our trusted partners. We appreciate your patience and will provide updates as soon as possible.
Binance changed the rules, leading to large holders being liquidated and market makers arbitraging; the market has no liquidity, resulting in a chain reaction of liquidations. For example, if I am a large holder with positions in ACT, TST, etc., and I have 20x leverage, but it is now reduced to 8x leverage, if I do not add margin, I will be liquidated. The liquidation of ACT simultaneously leads to the liquidation of TST, causing several altcoins to collapse.