Crypto Bulls Wrestle Back Control of BNB after Binance’s $40 Million Hack24

By CCN: Binance, the leading cryptocurrency exchange in terms of volume, suffered a massive blow on May 7 when hackers ran away with 7,000 bitcoins. At the time, the total haul was valued at roughly $40 million. Binance CEO Changpeng “CZ” Zhao was quick to reassure their user base by stating that the exchange will cover the damages through the Secure Asset Fund for Users, or SAFU. Nevertheless, some Binance Coin (BNB) holders panic-sold under the assumption that CZ would dump BNB to pay for the damages. They were wrong. In this article, we show how Binance Coin remains unfazed by the

The post Crypto Bulls Wrestle Back Control of BNB after Binance’s $40 Million Hack appeared first on CCN

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https://www.ccn.com/bulls-control-bnb-after-binance-hack

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