$6.2 billion worth of Binance’s BNB token “Magically” Appeared Onchain

If a blockchain is meant to keep a permanent, immutable record of transactions, shouldn’t it do so? Except that some transactions are more traceble than others, especially on BNB Chain.

9 min readJan 12

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Let’s cook up some BNB. (Photo by Artem Maltsev on Unsplash)

Patrick Tan

Written by Patrick Tan

General Counsel for ChainArgos, a blockchain analytics company made famous for breaking the story that BUSD was unbacked periodically, and CEO for Novum Alpha.

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