Binance replaced 95% of the stolen assets today. BNB is still 8% below its pre-hack price.
I thought the ZK proof going live would be the turn. It wasn't. I checked 26 liquid pairs an hour later: 22 red, median -1.7%, and BNB is underperforming BTC on the day.
That's the part I got wrong. Good news fixed the balance sheet, not the bid. The exchange is solvent; the token still trades like it isn't.
$BNB 698. If the books are fixed and it's still 8% below pre-hack, what would actually make you buy?
95% of the stolen Binance assets are now replaced. On Friday it was 90%.
The ZK proof for the Oct 31 snapshot is done. You can verify your own BTC, ETH, BNB, SOL, USDT, USDC, XRP, ZEC, USD1 or RLUSD is backed 1:1 - yourself, without trusting anyone.
Next withdrawal phase is tomorrow. New snapshot Nov 4.
$BTC 77,050, -1.2%. 23 of 26 liquid pairs are red.
The math is fixed. The mood isn't. Are you buying this, or waiting for the tape to turn?