DECRYPT · 2026-11-03 12:15 UTC

Binance Misses Monthly Luna Classic Burn for First Time Since 2023

Binance has missed its monthly Luna Classic (LUNC) token burn for the first time since March 2023, with November's burn not yet occurring. The exchange was hacked for $6.3 billion last week, attributed to North Korean group TraderTraitor, which some community members believe may be causing operational delays. Luna Classic community members express concern about the pause, though some speculate Binance is conducting security maintenance and moving LUNC to a more secure wallet before resuming burns.

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