📶 After the initial supply of 200,000,000 #BNB, the amount of coins in circulation gradually decreased through quarterly and BEP-95 burns.
The burn event will occur until 50% of the total supply is exhausted to reach the BNB burn target of 100,000,000.
The burn event will occur until 50% of the total supply is exhausted to reach the BNB burn target of 100,000,000.
⛔️ Important points to note about #PrimeTrust :
1. The planned acquisition of Prime Trust by #BitGO has been canceled.
2. Prime Trust has filed for bankruptcy and has received a cease and desist order from Nevada regulators.
3. Prime Trust serves as the custodian partner for BinanceUS, #CoinMetro, and TUSD assets.
4. There have been concerns raised about the creation of a significant amount of TUSD out of thin air, and Binance has introduced incentives to encourage users to trade with TUSD.
5. Users have received emails from #TUSD informing them that they can no longer redeem or create new TUSD due to issues related to Prime Trust.
6. On #BinanceUS, USDT has experienced a depegging, and #BNB is facing challenges in maintaining a price above $250 despite a positive market trend.
Recent pump could be a bull trap!
1. The planned acquisition of Prime Trust by #BitGO has been canceled.
2. Prime Trust has filed for bankruptcy and has received a cease and desist order from Nevada regulators.
3. Prime Trust serves as the custodian partner for BinanceUS, #CoinMetro, and TUSD assets.
4. There have been concerns raised about the creation of a significant amount of TUSD out of thin air, and Binance has introduced incentives to encourage users to trade with TUSD.
5. Users have received emails from #TUSD informing them that they can no longer redeem or create new TUSD due to issues related to Prime Trust.
6. On #BinanceUS, USDT has experienced a depegging, and #BNB is facing challenges in maintaining a price above $250 despite a positive market trend.
Recent pump could be a bull trap!
🚨 Binance hit by $6.3 billion hack linked to North Korea
Binance has confirmed a massive security breach resulting in the theft of approximately $6.3 billion in assets. The exchange has paused all withdrawals for 48 hours while it revamps its security systems. Deposits remain operational.
Chainalysis, TRM Labs, and the FBI have linked the attack to the North Korean hacking group TraderTraitor. Investigators found that funds were commingled with a previous Bitget exploit via THORChain, suggesting the same state-sponsored actor is responsible.
The breach reportedly started through a compromised DevOps engineer’s laptop, allowing attackers to manipulate the exchange's transaction-signing infrastructure. Binance stated there is no evidence that wallet private keys were leaked.
#Binance #CryptoHack #NorthKorea #BNB
Binance has confirmed a massive security breach resulting in the theft of approximately $6.3 billion in assets. The exchange has paused all withdrawals for 48 hours while it revamps its security systems. Deposits remain operational.
Chainalysis, TRM Labs, and the FBI have linked the attack to the North Korean hacking group TraderTraitor. Investigators found that funds were commingled with a previous Bitget exploit via THORChain, suggesting the same state-sponsored actor is responsible.
The breach reportedly started through a compromised DevOps engineer’s laptop, allowing attackers to manipulate the exchange's transaction-signing infrastructure. Binance stated there is no evidence that wallet private keys were leaked.
#Binance #CryptoHack #NorthKorea #BNB