$BNB
BNB after the $6.3B Binance hack: what happened and where it stands 🟡
On Oct 29, about $6.3B in assets was stolen from Binance’s hot wallets, the largest crypto theft on record.
What we know:
• Binance says it will absorb the losses, not its users
• BNB, BTC, ETH, USDT and other major assets are reported as 100% backed
• Withdrawals have been restored in phases since Nov 1
• The FBI says North Korea was responsible
BNB price: $745 → $680 on the day of the hack, $716 on Nov 6, around $696 today. That is about 49% below its all-time high of $1,370.
Takeaway: even the biggest exchanges can be targeted. Use 2FA and withdrawal whitelists, and keep only what you need on an exchange.
Has this changed how you store your crypto? 👇
$BNB
#BNB_Market_Update #Binance #CryptoSecurity #bnb
BNB after the $6.3B Binance hack: what happened and where it stands 🟡
On Oct 29, about $6.3B in assets was stolen from Binance’s hot wallets, the largest crypto theft on record.
What we know:
• Binance says it will absorb the losses, not its users
• BNB, BTC, ETH, USDT and other major assets are reported as 100% backed
• Withdrawals have been restored in phases since Nov 1
• The FBI says North Korea was responsible
BNB price: $745 → $680 on the day of the hack, $716 on Nov 6, around $696 today. That is about 49% below its all-time high of $1,370.
Takeaway: even the biggest exchanges can be targeted. Use 2FA and withdrawal whitelists, and keep only what you need on an exchange.
Has this changed how you store your crypto? 👇
$BNB
#BNB_Market_Update #Binance #CryptoSecurity #bnb
