Binance says the $6.34B hack is fully covered — but the proof that lets you check your own balance still isn't out, and $BNB sits on $605.60.
Source: Binance, 13 Nov; snapshot 12 Nov 00:00 UTC, 198 tokens.
Yesterday I said $622.41 decides for BNB. That line is already gone — BNB sliced through it to a $605 low today, $607.46 now (Finnhub, 13:55 UTC).
The snapshot numbers are out — BTC 100.05%, USDT 104.34% — but the zk-SNARK self-check was due Friday evening to Saturday morning, and as of today it's still generating. Until it lands, "fully covered" is Binance's word — you still can't check your own balance. 87 networks reopened this week; real recovery, but the trust receipt is late.
I'm leaning cautious, not panicked. Close above $622.41 and today was a wick; close under $605.60 and $589.20 is next. $BTC is $66,803 too, so BNB isn't falling alone.
$BNB $605.60 hold or break — your call? Snapshot numbers alone, or wait for the proof?
Not financial advice. DYOR.
#BNB #Binance #ProofOfReserves
Source: Binance, 13 Nov; snapshot 12 Nov 00:00 UTC, 198 tokens.
Yesterday I said $622.41 decides for BNB. That line is already gone — BNB sliced through it to a $605 low today, $607.46 now (Finnhub, 13:55 UTC).
The snapshot numbers are out — BTC 100.05%, USDT 104.34% — but the zk-SNARK self-check was due Friday evening to Saturday morning, and as of today it's still generating. Until it lands, "fully covered" is Binance's word — you still can't check your own balance. 87 networks reopened this week; real recovery, but the trust receipt is late.
I'm leaning cautious, not panicked. Close above $622.41 and today was a wick; close under $605.60 and $589.20 is next. $BTC is $66,803 too, so BNB isn't falling alone.
$BNB $605.60 hold or break — your call? Snapshot numbers alone, or wait for the proof?
Not financial advice. DYOR.
#BNB #Binance #ProofOfReserves
