Binance, the world’s largest crypto exchange has made a major announcement after its major Bsc hack. In the hack that occurred about a week ago, the Binance linked blockchain got hit by a $570 million hack giving another jolt to the crypto market.
Binance released its 21st quarterly BNB token report just after the major hack. In the auto burn procedure, around 2.065 million BNB tokens have been sent to a dead wallet this quarter. The approx. value of burned tokens amounts to $574.9 million.
The 21st quarterly burn has been calculated to be higher than the 20th burn of around 1.96 million BNB back in July. It mentioned that the latest quarterly burn includes 4,833.25 BNB which was sent to the dead wallet by another burn Program.
On the market side, the BNB token price has dropped by 4% in the last 24 hours. BNB token is trading at an average price of $259.74, as of writing. However, its 24 hour trading volume is up by 56% to stand at around $896.2 million.