$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.

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

--

--

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

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
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.