Why BNB Is Leading the Majors as Binance Resumes Withdrawals After the $6B Hack

BNB is the strongest major on the board, up 1.39% over 24 hours to $712.50, while Bitcoin and Ether trail at roughly 0.9% and 1.1%. The move tracks one event: Binance reopened withdrawals in phases on November 1 after covering about 95% of the assets taken in the $6 billion hack, and BNB itself is fully backed. The question for traders is whether BNB’s relative strength holds now that the exchange’s worst-case scenario is off the table. Binance put the recovery in writing in its Recovery Update #4 : “user funds remain safe.

Source: Blockchain Reporter