BNB dropped to an intraday low of $678.13 before trading at $703.55, down 6.23% on the day, according to Odaily. Bitcoin (BTC) was quoted at $79,117 at the same time, marking a 3.25% daily decline. The move came after Binance’s hot wallet was suspected of being attacked, with on-chain data indicating that related asset outflows may have reached $5.6 billion. Binance later said some users were unable to withdraw funds because of a technical error and that recovery work is underway. The update ties the price move in BNB to a broader market pullback and the exchange’s operational issue, while the company’s statement focused on restoring withdrawals for affected users.
BNB fell to an intraday low of $678.13 on Thursday and was last quoted at $703.55, down 6.23% on the day, according to Odaily.
At the same time, Bitcoin (BTC) was trading at $79,117, a daily decline of 3.25%.
Earlier, Binance’s hot wallet was suspected of being attacked. On-chain data showed that related asset outflows may have reached $5.6 billion. Binance later said some users were unable to withdraw funds because of a technical error and that services are now being restored.
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