Binance has reported another major token burn to kick off 2024. The BNB token has removed over 50% of its 100 million token target so far.

Crypto markets plunged on Monday as rumors that Interpol was on the lookout for Binance’s CEO, Changpeng Zhao. Binance’s position as a market leader is once again weakened.

The cross-chain exploit of the BSC Token Hub bridge led to the creation of extra BNB. Binance asked the validators to shut down the BNB Smart Chain (BSC). After the BSC exploit, a hard-fork was performed.

The U.S. Securities and Exchange Commission is investigating the initial offering of the Binance Coin (BNB) cryptocurrency