BNBGBP
Binance Coin / Pound sterling
cryptoComposite

BNB dropped 8% after the Binance hack, but PESA held around 5c — with a real-world expansion milestone approaching

Lol, did you not see that $CRO fell harder than $BNB in the last 24 hrs?

|Event|Date|Amount stolen (at the time)|Recovered?| |:-|:-|:-|:-| |1. Mt. Gox|Feb 2014|$450M|Partial| |2. Coincheck|Jan 2018|$534M|No| |3. LuBian|Dec 2020|$3.5B|No| |4. Poly Network|Aug 2021|$611M|Yes (nearly)| |5. Ronin|Mar 2022|$625M|Partial (\~10%)| |6. BNB Token Hub|Oct 2022|$570M|Partial| |7. Bybit|Feb 2025|$1.46B|No| |8. Binance|Oct 2026|$6.4B |Ongoing | * The only full recovery was Poly Network, and that was because the attacker chose to return the funds. * Several of the biggest hacks are linked to North Korean groups. * Most of these were key or signing compromises,. Did I miss any big ones?

Wow yeah CRO is $0.05 and BNB is still 4th biggest crypto out there... Sick burn bro

BNB is only used to wash trade. Nobody actually holds it. In previous cycles, bsc was where you'd go to gamble on shitcoins, which needed bnb as gas but those things are all dead now.

> If you think that statement is true then it is true for all crypto compared to BTC That's true. All open blcochains bled vs Bitcoin since their chain restarts. I hypothesize Greshem's law in action. BCH is among them Some non-open private money may countertrend if underlaying business is performing (BNB etc)

Joke’s on them. I only have BSC BNB. Hackers probably saw it as worthless!

I think a 3-4% drop (BTC and ETH) is next to nothing for a huge hack like this. This is bear market/ time capitulation stuff. This is imo even good and positive, since this would have sent us to hell some years ago. Even BNB is doing okay!? Time capitulation takes time, but in hindsight this will be part of the bottom/ start of the bull and tbh it's not scaring me at all...

Former Binance CEO hacks his own company to take attention away from competitor Hyperliquid’a coronation by Wall Street earlier that day. Zero chance that hack wasn’t an inside job. North Koreans? Lol Why no BNB stolen???

BNB dropped 8% then recovered 3% already. I'm guessing they already did the swap to ETH and the matter is closed.

BNB market cap is $92 Billion, whch Binance and CZ own the majority of. Covering this is a non issue for them.

Why are there only 0.11 BNB, around 80USD part of the heist?

Yeah. I agree with this. Usually, when the market is fragile, this news *does* nuke the market. When I first saw this news, I opened the charts, and I expected a big sell off. But nope, didn't happen. Things are holding just fine. Even BNB has barely moved. It's actually up on the hour. The market has barely budged. Does it signal a bull market? Well, no. But, it does signal a price floor when the biggest exchange in the world, that also leads in derivatives and leveraged futures volume, get's hacked and the market barely flinches.

With red across the screen, the first question is whether the exchange’s security issue can be resolved quickly. Buying now also means taking a position on that uncertainty. Reuters and AP report that Binance is investigating a potential security incident. Partners have frozen $2.54 billion in assets; the loss amount remains unclear. Binance says user funds are safe, and Yi He says it will cover hacking losses. Deposits and withdrawals remained paused at the time of reporting. BTC touched $77,646, ETH reached $2,238.76, and BNB fell over 8%. Buyers need concrete answers: when transfers resume, how far the incident extends, and how any compensation will work. Stocks offered little help. The Nasdaq lost 1.37%, and Amazon fell over 5% after hours. Heavy AI spending and slow returns kept weighing on technology shares. Treasury yields declined, yet stocks still fell—buyers need more reasons to return. Gold, XAU, traded around $4,019 overnight. Annual PCE inflation reached 3.6%, keeping a year-end rate hike in play and limiting gold’s support from safe-haven demand. Today, watch the security updates and whether BTC can reclaim $80,000. A bounce while transfers remain paused and the incident’s scope stays unclear carries the risk of fresh headlines reversing it. I’d rather miss the first rebound than rush in without answers. Would you buy the bounce or wait until transfers resume?

Cryptocurrency prices fell sharply after Binance reported a potential security incident, putting Bitcoin, Ethereum and BNB under pressure while the scale of the damage remained uncertain. According to Reuters, Bitcoin touched a six-week low of $77,646, while Ethereum fell to $2,238.76. BNB dropped more than 8% over 24 hours as concerns surrounding the exchange rattled the market. Binance said it was investigating the incident. Associated Press reported that industry participants had frozen more than $2.5 billion in assets linked to the case. The exchange maintained that user funds were safe, although the extent of any losses had not yet been established. Stolen funds and declining market value are different things. A fall in market capitalization does not mean an equivalent amount was stolen or withdrawn. The suggested figure of $86 billion in lost market value remains unverified. The incident also raises a broader question: what should the next chapter of crypto look like? At VestaScan, we have tokenized more than $100 million worth of assets. Our approach includes a legal layer: each token is linked to an underlying contract defining the investment terms and the rights it represents. Whether the structure involves equity, debt or a SAFE, the token is part of a documented investment framework. Understanding an investment requires understanding the agreement behind it—not simply seeing a balance in a wallet. That legal layer does not eliminate cybersecurity or investment risk. But it addresses another essential question: **what does the token actually represent?** We believe this is the future of tokenization—and an important part of crypto’s future: real assets, clearly documented rights and tokens connected to meaningful contracts. Technology makes digital ownership possible. Clear agreements help give it substance.

Don't panic, they'll just pump the BNB and easily cover the hack.

According to data compiled by on-chain aggregators like Coinglass, the massive asset drain selectively Targeted multi-chain stablecoins and blue-chip tokens, triggering an immediate market downturn: \[[1](https://www.investing.com/news/cryptocurrency-news/bitcoin-sinks-to-78k-after-binance-hit-with-reported-53-bln-hack-4985613)\] **Asset Class** **Estimated Stolen Amount** **Market Performance (Post-Incident)** **Emergency Status** **Tether (USDT)** $1.66 Billion Peg maintained ($1.00) **Frozen** by Tether CEO Paolo Ardoino **Bitcoin (BTC)** 17,985 BTC (\~$1.45 Billion) Slipped 3.5% to $78,505 Circulating / Under observation **USD Coin (USDC)** $767 Million Peg maintained ($1.00) **Frozen** by Circle CEO Jeremy Allaire **Ethereum (ETH)** \~195,460 ETH (\~$450 Million) Dropped 4.4% to $2,256 Actively moving through addresses **BNB (Binance Coin)** $0 (Untouched in hot wallets) **Plummeted 7.8%** to $700 Steepest market decline

It was an inside job, they know the private Keys of the wallet but not the nonce. They used 50 authorisations and 1 hit the right nonce. They used signed permission for EIP-7702, that allows to control a wallet with code. This code was a smart contract that sweeping the wallet. Maybe a design flaw in Etherium and so in BNB. [https://ethereum.org/de/roadmap/pectra/7702/](https://ethereum.org/de/roadmap/pectra/7702/)

fuck! on hackernews they shared a link of 5.5B moved out of that exchange... their SAFU is only 1B :( I loved that exchange, hope they get their stuff back, would really hate to see it dying... also what about BNB if binance goes down?

Maybe it was a fever dream but I can swear they already had a BNB chain that they decommissioned shortly after the BSC chain?

BNB v2. The same centralized chain you know and love upgraded with even faster permissioned servers and an invisible mempool so you can no longer see who’s extracting all the MEV.

Haha a bunch of obfuscation, fancy technical terms. This chain will be cucked by the BNB overlords. They will obviously be the block leaders and will extract MEV ruthlessly, and it will all be hidden.

do they pay you to keep making these BNB posts?

A grocery app doesn't require any actual assets or doing anything, it's all outsourced. Same reason Air BNB is worth more than actual hotel companies.

Just why. What’s wrong with BNB chain