Binance has not yet carried out the monthly Luna Classic token burn due at the start of November, despite routinely burning part of its LUNC trading fees almost every month since March 2023. The delay may be linked to the $6.3 billion hack of the exchange, which the FBI attributed to the North Korean group TraderTraitor. Prominent community member Pedro, known as Vegas, says Binance is moving LUNC to a more secure wallet before resuming the burns, although the exchange has not confirmed this. Binance is also gradually reopening withdrawals and has suspended its burn operations as it deals with the hack. LUNC fell 7.9% over the past week to $0.0000417, remaining far below its all-time high of $119.18.
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