Post by @kaijux • Hey
let's talk about this binance fud📚
⚡️October 2022 A hacker took advantage of the vulnerability to mint 2 million VND of $BNB through BNBBridge. This hacke
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- ⚡️In case of liquidation, Binance will repay the entire loan to Venus and burn the other $900,000 in collateralized BNB (if the loan is liquidated, it will not burn).
⚡️What CZ wants is to avoid the other $900,000 BNB that will not be discharged directly to the market due to liquidation of the loan position, low liquidity and panic in the current market will cause $BNB to crash deeply, and when As the price of $BNB plummeted, other loans mortgaged with $BNB of Binance were also affected. But if CZ wants to deal with that loan, why not do it sooner, instead of just letting a bomb hang over his head, this will not be good for CZ's reputation and Binance, or timing. Currently Binance doesn't even have enough money left to process 900,000 $BNB (current value is around $170M).
@BNB #Cz @bnbchain.lens
- Currently, the price has collapsed, the position of the hacked wallet has been liquidated by nearly 7M BNB tokens. In addition, there is a series of bad news about BNB chain and Cz in the market such as: @Opensea does not support transactions on the BNB chain network; Withdrawals are prohibited in some European countries. But the voice of the owner of this ecosystem has not been seen, instead there are some very positive moves, possibly an upcoming BNB Launchpad. Please follow and collect so I can give more information to everyone. Good Luck