BNBUSDT: priced for trust after the biggest hack ever

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BNBUSDT: priced for trust after the biggest hack everBinance Coin / TetherUSBINANCE:BNBUSDTaresfinanzBinance lost about 6.3B on 29 October, the largest crypto theft on record. TRM Labs points to TraderTraitor, a North Korean unit. Withdrawals are paused, close to 3B is frozen, and Binance promises to cover every loss. BNB fell only about 10 percent and is already back near 716. The market is pricing a promise. BNB's value rests on one company: fee discounts, launchpools, its own chain. When that company gets hit, the token is where it shows first. My view: centralised exchanges are a single point of failure this industry should have outgrown. One compromised engineer laptop was enough to move billions. A balance on an exchange is a claim on that exchange, nothing more. Daily chart: the 29 October close at 698 broke the 704 to 718 support, today's candle is trying to reclaim it. Below sits 680 to 692 with the daily EMA200 (grey) at about 693. A daily close under 680 opens the August base at 600 to 620. Above, 742 to 762 caps price, the EMA50 (coral) is at about 734. What matters next is not the chart: when withdrawals reopen and what the post-mortem says. I update these levels every day. Not financial advice. Do your own research.