$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)

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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.