$205 million in $BNB faces liquidation depending on the coming BNB price move, but there is good news. PeckShieldAlert
has taken to Twitter to announce that a substantial amount of Binance Coin may be liquidated if the BNB price takes a major bearish turn.920,000 BNB may be liquidated if this occurs
A recent tweet posted by PeckShield stated that should BNB decline more than 20% of its current price level, 920,000 BNB worth roughly $204.8 million would be liquidated to the BNB Chain team. This is to soften the consequences of Binance's Venus Protocol exploit that occurred in the fall of last year and prevent the shortfall of Venus.
In an earlier tweet, which has now been removed , the team of the BNB Chain claimed that none of these BNB tokens would hit the market. The newly published tweet says that the hacker of the BNB Chain's cross-chain bridge made a deposit of 920,000 BNB to the Venus Protocol, and should the BNB price fall to $220 per coin from the current level of $222, they will take over that position. This is nearly half of what the exploiter managed to get away with in October 2022 after the hack — two million BNB.
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