Hacking News
Binance Hack Threatens BNB Support
Binance Coin (BNB) experienced a 10.51% drop to $680 following Binance’s October 29 security breach. The price analysis indicates $674.60 as the decisive lower boundary after a breakdown on the daily chart. Binance estimated $6.3 billion in affected assets and identified a potentially compromised engineer’s laptop during its preliminary investigation, but no evidence of leaked wallet private keys was found. Binance reported no evidence of wallet private keys being leaked and reserved more than $6.34 billion to cover losses, including $5 billion held in affected tokens and $3 billion in frozen assets. BNB remains below the broken trendline support, with a potential $674.60 support level identified.