PANews reported on December 9 that Binance said in a statement: “We have noticed the recent community discussion about the supply data of USUAL and ACX tokens, and have conducted an internal investigation at the first opportunity. The specific causes of the accident are as follows: Binance directly uses CoinMarketCap (CMC) data to display the token circulation information of the project on the ‘trading page’ and ‘price page’. Therefore, according to past processes, when the project party’s data is not updated, the data on the CMC and Binance pages will also be affected.
Regarding ACX: On December 6, the Binance team discovered that the circulation data of ACX was incorrect, and immediately contacted the project to correct the data on CMC; Regarding USUAL: The change in the token supply information was mainly because CMC and the project had different standards for the definition of liquidity and how to quote data. After discussion, the project has also completed the correction on CMC. As mentioned above, we have identified the root cause of the problem and conducted a post-analysis. In the future, we will strive to organize and improve the coordination and process between the project, CMC and Binance regarding the display of token circulation and other related information, so that the key information of the token can be verified as soon as possible before the token goes online, and ensure that the information is accurate to avoid similar problems. ”
Previously, a user of the X platform said: "The reason for USUAL's pull-up is that the original total amount of the token was 4 billion, but now it has been directly changed to 338 million, which is equivalent to full circulation; the reason for ACX's dumping is that the circulation of the token was 138 million when it was launched, and then it was directly changed to 332 million, and the circulating market value directly increased by 2.5 times."
