Pleasant Surprise: Binance Unknowingly Staked XLM & Made $775k

Permanent loss of funds has been an unfortunate reality for some in the early cryptoeconomy. Fortunately for Binance they’ve just experienced the opposite, having accidentally staked their way into a sum of nearly 10 million lumens (XLM), the native asset of the Stellar network.

On July 18th, the Malta-based cryptocurrency exchange giant revealed they “heeded the Stellar team’s recommendations to change some parameters on both cold and hot wallets” back in the fall of 2018.

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