Binance Burns $500M in Latest Quarterly BNB Burn Despite Recent $500M Cross-Chain Exploit

Binance Burn: Per its BNB Auto-Burn procedure, Binance burned 2,065,152.42 of BNB worth roughly $574 million despite losing out to a recent $570 million hack. This latest burn takes the total BNB destroyed to 38,996,924.79, approximately $10,092,316,766.94 at BNB’s current price. BNB is the fifth-largest cryptocurrency by market capitalization. Binance burns BNB to curb its circulation The … Read more