BNBGBP
Binance Coin / Pound sterling
cryptoComposite

BNB isn't equity in Binance no matter how hard it pretends to be. The equity value of Binance will drop due to 6bn less in revenue this year plus some long term reputational damage.  But BNB is a utility token and as long as Binance is up and running with tight spreads it retains it's value I guess. Though I have no idea why it's worth so much tbh

Trust is a fair concern, but BNB’s price isn’t a direct scorecard for Binance’s security. Binance’s commitment to absorb the losses could help explain the reaction. That doesn’t excuse the failure or mean the market has assessed everything correctly. Separate to this the findings published so far point to attackers compromising Binance’s internal infrastructure and submitting unauthorised withdrawals. That is an exchange security failure, not evidence that Bitcoin or BNB Chain’s underlying blockchain was hacked. Anyone selling because they believe chains were compromised has misunderstood what happened. Someone reducing exposure because they’ve lost confidence in Binance is making a different judgement. With all things considered, I'd say the market handled things pretty well

I hate it. I don't know any BNB holder

Binance, one of the world's largest cryptocurrency exchanges, has suffered a massive cyberattack involving approximately $6.3 billion in cryptocurrency assets. The attack occurred on October 29, 2026, and Binance has temporarily suspended withdrawals while investigating the breach. My investment strategy is to short BNB to project a return of 10 - 15 % thru **VanEck BNB ETF (VBNB).** Afterwards, awaiting $18.0 - $20.0 dollar floor. Then accumulating shares for long positions. What are your thoughts, recommendations and strategies regarding this invest strategy?

Few ways really.... 1. Trust. 2. It isn't resolved yet. Withdrawals are still paused. Once they restart, we'll see how many people move funds out, and the position on covering all losses could change if things develop/if not fixed properly and results in a larger loss. Until users are actually made whole, it's a commitment rather than an outcome. 3. No access to funds. While withdrawals are paused, people can't move, cash out or use their crypto when they want to. 4. Price swings. News like this can move prices, especially BNB. Panic selling is a disposal, so it could trigger a gain or loss you didn't plan for. 5. How you're reimbursed. Getting the same coins back is the simplest outcome. If compensation comes as cash or a different token, the tax position could be different. 6. Moving to your own wallet. That isn't a disposal in itself, but network fees paid in crypto can be. 7. Scams. Expect fake "Binance recovery" or "verify your account" messages. Losing crypto to a scam is a real loss, and generally can't be claimed as a capital loss either. On tax: right now, if your balance is intact, there's no tax impact, as nothing has been disposed of or officially accepted as lost. But that could change depending on what happens next, so it's worth staying on top of your records either way.

I've been active in crypto for over 5 years and have tried a huge number of projects. Some of them lost me as a user before I even made my first deposit The reason is simple: terrible deposit flows Let me give you an example: A friend once sent me a link to a memecoin on a well-known 4-letter trading terminal The token was on BNB Chain. The terminal supported multiple chains, but only accepted native tokens for deposits on each chain. So to trade that memecoin, I first needed to deposit BNB I gave up right there I'm currently working on a project that lets users consolidate multiple assets into one through batched transactions We also built a B2B deposit widget that allows users to deposit different tokens from different chains. You can literally deposit 100 different assets, and if they're all on the same chain, you only need one transaction Under the hood, everything gets swapped into a single asset using the best available routes through well-known DEXes Now I want to hear from actual users **Which projects have the most frustrating deposit flows?** I'm looking for projects where a better deposit experience could make a real difference. Would love to hear your experiences

Aren't funds locked? So like most BNB is unavailable to trade unless you have it off of Binance, right?

This!! Binance got hit because they are a bigger target. CDC is moving in the shadows. I am a CRO person too but BNB being hit is not good for any of us.

Your comment is completely irrelevant. OP said nothing about spending it. This post is related to the recent BNB hack by NK. What is your point of this comment?

Not only BNB. BTC and the whole crypto markets should have tanked massively. The reaction is pretty muted. Terrible news and not much of a reaction is usually bullish.

A few reasons a token can hold up through bad headlines. Demand for BNB is partly mechanical: it pays fees on BNB Chain, gets trading fee discounts on the exchange, and is used for launchpool and staking programs, so a lot of holders are users who are not looking to sell. Supply is also concentrated, which means fewer coins actually trade and big holders have every reason not to dump. And a hack only changes the picture if it hits solvency, so the market tends to wait for proof of reserves, withdrawal behaviour and any official statement before repricing. If withdrawals start getting slowed or paused, that is usually the moment sentiment breaks, not the headline itself. Your instinct about trust is right in the long run; it just tends to show up in price late.

Because CZ owns 65% of BNB

Even after this, BNB is still doing better than cro. Says a lot really.

For the mental stress they could give us some BNB or that new CZ token.

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.