BNB 1-day price chart. Source: Finbold
There are still 628,940.69 BNB ($134.97 million) in the vault on the Venus Protocol, which belongs to the missing hacker from 2022, in a threat of liquidation, which contributes to investors’ fears, uncertainty, and doubt (FUD) on Binance’s native token.
In November 2022, after the threatening position was created following the massive BNB hack, the Core Team of the BNB Chain proposed that this position’s liquidations shouldn’t be done organically, as it usually happens with borrowed positions, due to the high possible impact to BNB’s price.
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