Binance and its official coin, bnb, will only experience some mild dump but will not suffer a crisis like the other previously hacked exchanges. The management had already created a SAFU or the Secure Asset Fund for the Users and this separate fund will use as a insurance for the users of binance exchange. The bnb coin is also safe from hard dump as it continue to go up breaking its all-time high this year.
Fortunately, Binance is among one of the lucky coins like bitcoin that has refused to react negatively to FUD news this period and it’s like every FUD new makes them stronger. During the time of their crisis, BNB never dropped from their normal value, although I love the way they handled the matter, they had already created the news of it and allayed the fear of investors which had already gone ahead of those who would have used the FUD news against Binance. Whatever drop we see during those periods is just the way other coins are reacting to BTC movement and right now, we can see that Binance is already crossing the value of $30.
most exchangers would fail up mostly on the same scenario where recovering is almost impossible.I do also thought that BNB would have such problem
but we are seeing different things on here.
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